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

Property Image
SOLD
$6,200,000

California

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Industrial24,310 SF
Sold 09/30/2024
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Property Image
SOLD

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

5105 Maureen Lane

See Similar Deals
Industrial24,310 SF
Sold 09/30/2024
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$255
Total Square Footage:24,310 SF
Transaction Type:Sale

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
24 deals$297M volume(818) 223-4388
BROKER

Grant Fulkerson
Lee & Associates
26 deals$346.5M volume(818) 304-4956
BROKER

Details

SOLD
IMAGE: Grant Fulkerson & Mike Tingus DATE: 09/30/2024 ADDRESS: 5105 Maureen Lane MARKET: Moorpark ASSET TYPE: Industrial BUYER: David Dye SELLER: Akihiro Egerer & Aaron Chan SELLER'S REP: Grant Fulkerson (@GrantFulkerson) & Mike Tingus (@MikeTingus) - Lee & Associates (@LeeAssociatesRE) SALE PRICE: $6,200,000 SF: 24,310 ~ PPSF: $255

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$330,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,027.28
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,391.16
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