Lee & Associates Brokers Sell 104,267 SF Industrial Property In Thousand Oaks, CA For $39.75M
3500 Willow Lane
$39,750,000
$381/SF
Building Size
104,267 SF
Asset Type
Industrial
Closing
Nov 16, 2022
AI
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
- Property Type: Industrial
- Transaction Amount: $39,750,000
- Address: 3500 Willow Ln, Thousand Oaks, CA
- Market: Thousand Oaks, CA
- Seller: Behrouz Soroudi
- Brokers: Mike Tingus - Lee & Associates, Grant Fulkerson, SIOR - Lee & Associates
- Square Footage: 104,267 SF
- Price per Square Foot: $381
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
Thousand Oaks Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93