Updated Dec 4, 2024
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
About this deal
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.
On the Map
$6,200,000
$255/SF
Industrial
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Players
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