Updated Oct 25, 2024
Howard Schwimmer & Michael Frankel Acquire Industrial Property In Ventura County For $46.75M
2280 Ward Avenue, Simi Valley, Ventura County, CA, USA
$46,750,000
$193/SF
Building Size
242,101 SF
Asset Type
Industrial
Closing
Nov 30, 2021
About this deal
AI
The industrial property located at 2280 Ward Avenue in Ventura County has been sold in a recent transaction. The sale took place on November 30, 2021. The property spans a total area of 242,101 square feet. The selling price for the property was $46,750,000, resulting in a price per square foot of $193. The transaction was exclusively shared on Instagram.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $46,750,000
- Address: 2280 Ward Avenue
- Market: Ventura County
The buyers of the industrial property were Howard Schwimmer and Michael Frankel. The property was sold by Phil Knowles. Grant Fulkerson, represented by SIOR, and Mike Tingus, represented by Lee & Associates LA North, acted as the brokers in the deal.
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
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93