Updated Dec 21, 2023
Brandon Michaels, Matthew Luchs, And Austin Sreden Sell Industrial Property In Simi Valley For $6.9M
2279 Ward Ave, Simi Valley, CA, USA
$6,900,000
$160/SF
Building Size
42,961 SF
Asset Type
Industrial
Closing
Jan 14, 2021
About this deal
AI
An industrial property located at 2279 Ward Ave. in Simi Valley has been sold for $6,900,000. The property spans 42,961 square feet, resulting in a price per square foot of $160.61. The transaction took place on January 15, 2021. The property is situated in the Simi Valley market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,900,000
- Address: 2279 Ward Ave., Simi Valley
- Market: Simi Valley
- Square Footage: 42,961
- Price Per Square Foot: $160.61
The sellers' representatives for this transaction were Brandon Michaels, Matthew Luchs, and Austin Sreden. Brandon Michaels is from Brandon Michaels Group, while Matthew Luchs and Austin Sreden also represent the sellers in this deal.
On the Map
$6,900,000
$160/SF
Industrial
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Players
Simi Valley 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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93