David Dye Acquires Industrial Asset At 5105 Maureen Lane Moorpark For $6.2 Million
SOLD
California
See Similar DealsIndustrial24,310 SF
Sold 09/30/2024
SOLD
David Dye Acquires Industrial Asset At 5105 Maureen Lane Moorpark For $6.2 Million
5105 Maureen Lane
See Similar DealsIndustrial24,310 SF
Sold 09/30/2024
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.
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Deal Type
30 years
10 years
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
Annual Debt Service$352,693.96
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