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400 National Way, Simi Vall...

Greenlaw Partners Sells Industrial Property In Simi Valley For $128M
SOLDIndustrial

Greenlaw Partners Sells Industrial Property In Simi Valley For $128M

400 National Way, Simi Valley, CA, USA

$128,000,000

$441/SF

Building Size

290,220 SF

Asset Type

Industrial

Closing

Oct 26, 2021

AI

Greenlaw Partners has sold an industrial property in Simi Valley for $128,000,000. The property, located at 400 National Way, spans 43.55 acres. The transaction took place on October 26, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $128,000,000
  • Address: 400 National Way
  • Market: Simi Valley
  • Acreage: 43.55

The seller's representatives in this deal were Bret Hardy, Jim Linn, Andrew Briner, Ken White, and Kevin Shannon from Newmark.

The property offers approximately 290,220 square feet of space, resulting in a price per square foot of $441.

Players

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
Greenlaw Partners
Greenlaw PartnersSeller

Simi Valley 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

0.12%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93