Updated Dec 21, 2023
David Albanese Acquires Industrial Property For $1.05M In Ventura County
820 East 5th Street, Oxnard, California 93030, United States
$1,050,000
$147/SF
Building Size
7,104 SF
Asset Type
Industrial
Closing
Mar 9, 2022
About this deal
AI
An industrial property located at 820 E. 5th St. in Ventura County has been sold for a total of $1,050,000. The property spans a total of 7,104 square feet, resulting in a price per square foot of $147.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,050,000
- Address: 820 E. 5th St.
- Market: Ventura County
The buyer of the property was David Albanese, while the seller was David Shuze. The transaction was facilitated by Bentley McKean, Gary Cohen, and James DeBuiser, representing the Cohen-DeBuiser Team from Marcus & Millichap.
Players
Oxnard 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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93