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Transwestern Development Sells Industrial Property In Moorpark For $50.7M

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SOLD
$50,700,000

California

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Industrial202,421 SF
Sold 03/14/2022
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Property Image
SOLD

Transwestern Development Sells Industrial Property In Moorpark For $50.7M

6000 Condor Drive, Moorpark, California 93021, United States

See Similar Deals
Industrial202,421 SF
Sold 03/14/2022
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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

Darla Longo
22 deals$1.3B volume(909) 418-2105
BROKER

Barbara (Emmons) Perrier
CBRE
36 deals$1.8B volume(818) 481-2374
BROKER

Bennett Robinson
CBRE
6 deals$145.5M volume
BROKER

Transwestern
BROKERAGE

Details

SOLD
IMAGE: Barbara Perrier, Darla Longo & Bennett Robinson DATE: 03/14/2022 ADDRESS: 6000 Conor Drive MARKET: Moorpark ASSET TYPE: Industrial SELLER: Transwestern Development Co. SELLER'S REP: Barbara Perrier, Darla Longo & Bennett Robinson - CBRE SALE PRICE: $50,700,000 SF: 202,421 ~ PPSF: $250

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Deal Type
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