Updated May 5, 2026
Matthews Capital Markets Secures $22.5 Million Acquisition Loan For Medical Office Portfolio In Oxnard
1801 Solar Drive
$22,500,000
$116/SF
Building Size
193,066 SF
Asset Type
Medical Office
Closing
May 4, 2026
About this deal
AI
The transaction involves a four-property medical office portfolio located at 1701, 1801 Solar Drive, 1901 Rice Avenue & 2401 East Gonzalez Road in the Oxnard market. The total square footage of the assets is 193,066, and they are currently 92% leased. The properties are set to undergo a value-add plan that includes expanded medical uses, interior upgrades, and energy-efficient improvements such as solar. The acquisition loan secured for this portfolio amounts to $22,500,000 at a 10% cap rate.
Summary of transaction details:
- Property Type: Medical Office
- Transaction Amount: $22,500,000
- Loan Type: Acquisition
- Market: Oxnard
- Asset Size: 193,066 SF
- Broker: Geoffrey Arrobio - Matthews Capital Markets
- Leased Percentage: 92%
Matthews Capital Markets facilitated the acquisition loan for an undisclosed borrower. The deal emphasizes a strategic expansion into medical uses for the properties, focusing on upgrading both interiors and implementing energy-efficient systems.
On the Map
$22,500,000
$116/SF
Medical Office
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Oxnard Medical Office Market Snapshot
Boundary boundary · Medical Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93