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
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