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162 Montgomery Avenue, Oxna...

Updated Oct 28, 2024

Montgomery Properties Sells Industrial Property In West Ventura County For $8.1M
SOLDIndustrial

Montgomery Properties Sells Industrial Property In West Ventura County For $8.1M

162 Montgomery Avenue, Oxnard, CA, USA

$8,100,000

$159/SF

Building Size

50,943 SF

Asset Type

Industrial

Closing

Nov 26, 2021

About this deal

AI

Located at 162 Montgomery Ave. in West Ventura County, this industrial property is a prime investment opportunity. The property, with a total area of 50,943 square feet, was recently sold for a price of $8,100,000, resulting in a price per square foot of $159. It is situated in a thriving market, making it an attractive asset for potential buyers.

Summary of Transaction Details

  • Property Type: Industrial
  • Transaction Amount: $8,100,000
  • Address: 162 Montgomery Ave.
  • Market: West Ventura County
  • Square Footage: 50,943
  • Seller: Montgomery Properties
  • Seller's Representative: Fred Ferro - NAI Capital Commercial

Fred Ferro, representing NAI Capital Commercial, acted as the seller's representative in this transaction. His expertise in the West Ventura County market greatly contributed to the successful sale of this industrial property. The deal showcases the strong collaboration between Montgomery Properties and NAI Capital Commercial, leading to a favorable outcome for both parties involved.

Players

Fred Ferro

NAI Global

Broker

$8.1M

vol

1 deal

Broker

Oxnard Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $159 per square foot on a published $8.1M for 50,943 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.96%

Cash-on-Cash

-0.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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