Mark Smith Acquires Industrial Property In Ventura For $1.9M
1792 Callens Road, Ventura, CA, USA
$1,900,000
$164/SF
Building Size
11,534 SF
Asset Type
Industrial
Closing
Nov 3, 2020
AI
An industrial property located at 1792 Callens Road in Ventura has been sold for $1,900,000. The property spans across 11,534 square feet with a price per square foot of $165. The transaction took place on 11/04/2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,900,000
- Date: 11/04/2020
- Address: 1792 Callens Road
- Market: Ventura
- SF: 11,534
- PPSF: $165
The buyer of the property is Mark Smith, while the seller is Steven Mastro. The deal was facilitated by brokers James DeBuiser from @JamesJDeBuiser, Gary Cohen from @Garysea22, and Bentley McKean. They played a crucial role in bringing the buyer and seller together and finalizing the transaction.
Players
Ventura 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
8.35%
Cash-on-Cash
-2.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93