Updated Mar 28, 2025
Sonny Kalsi Of BentallGreenOak Purchases Industrial Property In Simi Valley For $65M From Oaktree Capital Management And Xebec Realty
$65,000,000
Building Size
—
Asset Type
Industrial
Closing
Feb 7, 2025
About this deal
AI
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.
Players
Market 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93