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5105 Maureen Lane

David Dye Acquires Industrial Asset At 5105 Maureen Lane Moorpark For $6.2 Million
SOLDIndustrial

David Dye Acquires Industrial Asset At 5105 Maureen Lane Moorpark For $6.2 Million

5105 Maureen Lane

$6,200,000

$255/SF

Building Size

24,310 SF

Asset Type

Industrial

Closing

Sep 30, 2024

AI

The property involved in the transaction is located at 5105 Maureen Lane in Moorpark. This industrial asset encompasses 24,310 square feet and was sold for $6,200,000, resulting in a price per square foot of $255.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,200,000
  • Address: 5105 Maureen Lane
  • Market: Moorpark
  • Square Footage: 24,310
  • Price per Square Foot: $255
  • Buyer: David Dye
  • Seller: Akihiro Egerer & Aaron Chan
  • Seller's Representative: Grant Fulkerson & Mike Tingus - Lee & Associates

The transaction was facilitated by Seller's Representatives Grant Fulkerson and Mike Tingus of Lee & Associates, who played a vital role in the negotiation and closing process for Akihiro Egerer and Aaron Chan, the sellers of the property.

Players

Mike Tingus

Lee & Associates

Broker

$297M

vol

24 deals

Broker

Moorpark 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

2.56%

Cash-on-Cash

-0.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93