Updated Oct 29, 2024
HRL Laboratories Purchases 3500 Willow Ln Thousand Oaks From Maxxam Enterprises For $39.75M
3500 Willow Ln, Thousand Oaks, CA 91361
$39,750,000
$381/SF
Building Size
104,267 SF
Asset Type
Industrial
Closing
Dec 16, 2022
About this deal
AI
The property asset involved in the transaction is located at 3500 Willow Ln, Thousand Oaks, CA. The deal was finalized for a total price of $39,750,000.00, encompassing a total square footage of 104,267. The market for this property is identified as Thousand Oaks.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $39,750,000.00
- Address: 3500 Willow Ln, Thousand Oaks, CA
- Market: Thousand Oaks
- Seller: Maxxam Enterprises
- Buyer: HRL Laboratories
- Seller's Representative: Grant Fulkerson-Lee & Associates
The transaction involved key individuals, with Maxxam Enterprises serving as the seller and HRL Laboratories as the buyer. The seller's representative in the deal was Grant Fulkerson-Lee & Associates, facilitating the negotiation and closure of the transaction.
On the Map
$39,750,000
$381/SF
Industrial
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Players
Thousand Oaks 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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93