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685 Cochran Street, Simi Va...

Albert Halimi Acquires Industrial Property In Simi Valley For $11,033,000
SOLDIndustrial

Albert Halimi Acquires Industrial Property In Simi Valley For $11,033,000

685 Cochran Street, Simi Valley, CA, USA

$11,033,000

$183/SF

Building Size

60,000 SF

Asset Type

Industrial

Closing

Jul 23, 2019

AI

An industrial property located at 685 E Cochran St in Simi Valley has been sold for a price of $11,033,000. The property spans 60,000 square feet, resulting in a price per square foot of $183.88. The transaction was completed on July 24, 2019.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $11,033,000
  • Market: Simi Valley

The buyer of the property was Albert Halimi, while the seller was Rami Rostami. The deal was facilitated by brokers Frank Lahijani, Mark Zakarian, Vee Sookiasian, and Mike Tingus.

Players

Frank Lahijani

Global Commercial Real Estate

Broker

$93.8M

vol

8 deals

Broker

Simi Valley 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

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93