Transwestern Development Sells Industrial Property In Moorpark For $50.7M
SOLD
California
See Similar DealsIndustrial202,421 SF
Sold 03/14/2022
SOLD
Transwestern Development Sells Industrial Property In Moorpark For $50.7M
6000 Condor Drive, Moorpark, California 93021, United States
See Similar DealsIndustrial202,421 SF
Sold 03/14/2022
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$250
Total Square Footage:202,421 SF
Transaction Type:Sale
The industrial property located at 6000 Conor Drive in Moorpark has been sold in a closed transaction. The property spans 202,421 square feet and was sold for a total price of $50,700,000, resulting in a price per square foot of $250.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,700,000
- Address: 6000 Conor Drive
- Market: Moorpark
The seller of the property was Transwestern Development Co. and they were represented by Barbara Perrier, Darla Longo, and Bennett Robinson from CBRE.
Players
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,704,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$180,126.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$240,343.87
Annual Debt Service$2,884,126.39
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