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
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