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2560 Calcite Circle

Steve Sanett Acquires Industrial Property In Thousand Oaks For $6.05M
SOLDIndustrial

Steve Sanett Acquires Industrial Property In Thousand Oaks For $6.05M

2560 Calcite Circle

$6,050,000

$351/SF

Building Size

17,195 SF

Asset Type

Industrial

Closing

Nov 27, 2023

AI

The industrial property located at 2560 Calcite Circle in Thousand Oaks was recently sold in a closed transaction. The property spans a total of 17,195 square feet and was listed for sale at an asking price of $6,050,000. The sale was completed at the same price, with the buyer purchasing the property for $6,050,000, resulting in a price per square foot of $352.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,050,000
  • Square Footage: 17,195
  • Asking Price: $6,050,000
  • Price Per Square Foot: $352
  • Address: 2560 Calcite Circle, Thousand Oaks

The buyer of the property is Steve Sanett, while the seller is Shawn Shoushani. Representing the buyer in this transaction were Grant Fulkerson and Brett Saunders from Lee & Associates. On the other hand, Erica Balin and Scott Caswell, also from Lee & Associates, served as the seller's representatives.

Players

Grant Fulkerson

Lee & Associates

Broker

$346.5M

vol

26 deals

Broker

Steve Sanett

Buyer

$29.2M

vol

3 deals

Buyer

Newbury Park 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

2.62%

Cash-on-Cash

-0.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93