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Sonny Kalsi Of BentallGreenOak Purchases Industrial Property In Simi Valley For $65M From Oaktree Capital Management And Xebec Realty
SOLD
$65,000,000
+ 2
California
See Similar DealsIndustrial
Sold 02/07/2025
SOLD
Sonny Kalsi Of BentallGreenOak Purchases Industrial Property In Simi Valley For $65M From Oaktree Capital Management And Xebec Realty
Industrial
Sold 02/07/2025
+ 2
Summary
Asset Type:Industrial
Transaction Type:Sale
The property involved in this transaction is an industrial asset located at North Chain Drive in Simi Valley. The transaction was completed for a total price of $65,000,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $65,000,000.00
- Buyer: Sonny Kalsi - BentallGreenOak
- Seller: Howard Marks, Bruce Karsh, Robert O'Leary & Armen Panossian - Oaktree Capital Management; Randy Kendrick & Jay Soni - Xebec Realty
- Sale Date: 02/07/2025
This transaction featured significant players in the real estate and asset management sectors, with Sonny Kalsi representing BentallGreenOak as the buyer, while the sellers included prominent figures from Oaktree Capital Management and Xebec Realty, indicating a strategic collaboration in this real estate deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$230,931.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$308,133.16
Annual Debt Service$3,697,597.94
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