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6000 Condor Drive, Moorpark...

Transwestern Development Sells Industrial Property In Moorpark For $50.7M
SOLDIndustrial

Transwestern Development Sells Industrial Property In Moorpark For $50.7M

6000 Condor Drive, Moorpark, California 93021, United States

$50,700,000

$250/SF

Building Size

202,421 SF

Asset Type

Industrial

Closing

Mar 13, 2022

AI

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

Darla Longo

CBRE

Broker

$1.3B

vol

22 deals

Broker
Transwestern
TranswesternBrokerage
Transwestern
TranswesternSeller

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

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93