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2279 Ward Ave, Simi Valley,...

Brandon Michaels, Matthew Luchs, And Austin Sreden Sell Industrial Property In Simi Valley For $6.9M
SOLDIndustrial

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

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.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

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