Updated Dec 20, 2023
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
About this deal
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.
On the Map
$11,033,000
$183/SF
Industrial
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Players
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