facebook
Traded Co logo
Submit

Behrouz Soroudi Acquires Industrial Property In Ventura County For $19.75M With Brokers Grant Fulkerson & Mike Tingus

Property Image
SOLD
$19,750,000
Mike Tingus
Grant Fulkerson
RM
+ 1

California

See Similar Deals
Industrial104,267 SF
Sold 07/27/2020
the dealplayerscompscontact
Property Image
SOLD

Behrouz Soroudi Acquires Industrial Property In Ventura County For $19.75M With Brokers Grant Fulkerson & Mike Tingus

3500 Willow Glen Lane, West Covina, CA, USA

See Similar Deals
Industrial104,267 SF
Sold 07/27/2020
Mike Tingus
Grant Fulkerson
RM
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$189
Total Square Footage:104,267 SF
Transaction Type:Sale

3500 Willow Lane, located in Ventura County, was recently sold in a closed transaction. The industrial property spans over 104,267 square feet and was sold for $19,750,000, resulting in a price per square foot of $189. The sale took place on July 27, 2021.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,750,000
  • Address: 3500 Willow Lane, Ventura County
  • Square Footage: 104,267
  • Price per Square Foot: $189

The buyer in this transaction was Behrouz Soroudi, while Robert Martin was the seller. Representing the buyer and seller respectively were Grant Fulkerson - SIOR and Mike Tingus. Grant Fulkerson and Mike Tingus facilitated the successful sale of the industrial property.

Players

Mike Tingus
Lee & Associates
Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER
Grant Fulkerson
Lee & Associates
Grant Fulkerson
26 deals$346.5M volume(818) 304-4956
BROKER
BS
Behrouz Soroudi
2 deals$59.5M volume
BUYER
RM
Robert Martin
6 deals$947.7M volume
SELLER

Details

SOLD
IMAGE: Mike Tingus & Grant Fulkerson DATE: 07/27/2021 ADDRESS: 3500 Willow Lane MARKET: Ventura County ASSET TYPE: Industrial BUYER: Behrouz Soroudi SELLER: Robert Martin BROKERS: Grant Fulkerson (@GrantFulkerson) - SIOR & Mike Tingus (@MikeTingus) SALE PRICE: $19,750,000 SF: 104,267 ~ PPSF: $189

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,053,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$70,167.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$93,625.08
Annual Debt Service$1,123,500.91