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1792 Callens Road, Ventura,...

Mark Smith Acquires Industrial Property In Ventura For $1.9M
SOLDIndustrial

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

Gary Cohen

Marcus & Millichap

Broker

$167.2M

vol

19 deals

Broker

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