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2001 Sunkist Circle, Oxnard...

Updated Oct 28, 2024

Ventura Country Railway Co. Acquires Industrial Property In Oxnard, CA For $20M
SOLDIndustrial

Ventura Country Railway Co. Acquires Industrial Property In Oxnard, CA For $20M

2001 Sunkist Circle, Oxnard, California 93033, United States

$20,000,000

Building Size

Asset Type

Industrial

Closing

Oct 30, 2022

About this deal

AI

The industrial property located at 2001 Sunkist Circle in Oxnard, CA has been sold for $20,000,000. The transaction took place on October 31, 2022. The property is owned by Limoneira, with Harold Edwards representing the seller. Ventura Country Railway Co. has purchased the property.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Date: October 31, 2022
  • Address: 2001 Sunkist Circle, Oxnard, CA
  • Market: Oxnard, CA
  • Seller: Limoneira - Harold Edwards
  • Buyer: Ventura Country Railway Co.

The sale of this industrial property marks an important transaction in the market. Ventura Country Railway Co. made a significant investment in acquiring this property, which was represented by Harold Edwards from Limoneira. This deal demonstrates the strong demand for industrial assets in Oxnard, CA.

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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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