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Flynn Ranch Road, Los Angel...

Westcore Acquires Industrial Property In Camarillo For $20M
SOLDIndustrial

Westcore Acquires Industrial Property In Camarillo For $20M

Flynn Ranch Road, Los Angeles, CA 90046

$20,000,000

$170/SF

Building Size

117,342 SF

Asset Type

Industrial

Closing

Jul 28, 2020

AI

Located in Camarillo, the industrial property at 201 Flynn Road has been sold in a recent transaction. The property, spanning 117,342 square feet, was sold by Decker-Goetsch Properties to Westcore, represented by Marc Brutten and Donald H. Ankeny. The sale was facilitated by CBRE. The transaction took place on July 28, 2021, at a sale price of $20,000,000, resulting in a price per square foot of $170.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $20,000,000
  • Square Footage: 117,342
  • Address: 201 Flynn Road, Camarillo
  • Market: Camarillo

Westcore, represented by Marc Brutten and Donald H. Ankeny, acquired the industrial property located at 201 Flynn Road in Camarillo. The property was sold by Decker-Goetsch Properties and the deal was facilitated by CBRE. This transaction represents a significant investment in the Camarillo industrial market.

Players

Marc Brutten

Westcore

Buyer

$857.2M

vol

15 deals

Buyer

Los Angeles 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