Lee & Associates Brokers Sell 104,267 SF Industrial Property In Thousand Oaks, CA For $39.75M
SOLD
$39,750,000
California
See Similar DealsIndustrial104,267 SF
Sold 11/16/2022
SOLD
Lee & Associates Brokers Sell 104,267 SF Industrial Property In Thousand Oaks, CA For $39.75M
3500 Willow Lane
See Similar DealsIndustrial104,267 SF
Sold 11/16/2022
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
- 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.
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Deal Type
30 years
10 years
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%
Monthly Debt Service$188,435.28
Annual Debt Service$2,261,223.35
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