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Lee & Associates Brokers Sell 104,267 SF Industrial Property In Thousand Oaks, CA For $39.75M

Property Image
SOLD
$39,750,000
Grant Fulkerson

California

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Industrial104,267 SF
Sold 11/16/2022
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Property Image
SOLD

Lee & Associates Brokers Sell 104,267 SF Industrial Property In Thousand Oaks, CA For $39.75M

3500 Willow Lane

See Similar Deals
Industrial104,267 SF
Sold 11/16/2022
Grant Fulkerson
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$381
Total Square Footage:104,267 SF
Transaction Type:Sale

The industrial property located at 3500 Willow Ln in Thousand Oaks, CA has been sold for a total price of $39,750,000. The property spans across 104,267 square feet, resulting in a price per square foot of $381.

Summary of transaction details

The deal was facilitated by Mike Tingus from Lee & Associates and Grant Fulkerson, SIOR, also from Lee & Associates. They represented the seller, Behrouz Soroudi, in the transaction.

Players

Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER

Grant Fulkerson
Lee & Associates
26 deals$346.5M volume(818) 304-4956
BROKER

Details

SOLD
IMAGE: Grant Fulkerson & Mike Tingus DATE: 11/16/2022 ADDRESS: 3500 Willow Ln, MARKET: Thousand Oaks, CA ASSET TYPE: Industrial SELLER: Behrouz Soroudi BROKER: Mike Tingus (@MikeTingus) & Grant Fulkerson, SIOR (@GrantFulkerson) - Lee & Associates (@Leelanorthventurabrokers) SALE PRICE: $39,750,000 SF: 104,267 ~ PPSF: $381 #

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,119,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$141,223.36
Cash-on-Cash Return-1.27%
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