Updated Oct 28, 2024
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
Oxnard Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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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