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Bobby Babaeian Acquires Mixed-Use Property In Camarillo For $3.85M

Property Image
SOLD
$3,850,000
Mike Tingus
Grant Fulkerson
Deena Benz

California

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Mixed-use40,000 SF
Sold 01/05/2024
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Property Image
SOLD

Bobby Babaeian Acquires Mixed-Use Property In Camarillo For $3.85M

280 Skyway Drive & 330 Skyway Drive

See Similar Deals
Mixed-use40,000 SF
Sold 01/05/2024
Mike Tingus
Grant Fulkerson
Deena Benz
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Mixed-use
Price Per Square Foot:$96
Total Square Footage:40,000 SF
Transaction Type:Sale

The mixed-use property located at 280-330 Skyway Drive in Camarillo has been sold in a closed transaction. The property spans 20,000 square feet and was sold at a price of $3,850,000, which translates to a price per square foot of $193. The transaction took place on January 5, 2024.

Summary of transation details

  • Property Type: Mixed-use
  • Transaction Amount: $3,850,000
  • Address: 280-330 Skyway Drive, Camarillo
  • Market: Camarillo

The buyer of the property is Bobby Babaeian, while Richard Darling served as the seller. The deal was facilitated by brokers Mike Tingus, Grant Fulkerson, and Deena Benz from Lee & Associates.

Players

Mike Tingus
Lee & Associates
Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER
Grant Fulkerson
Lee & Associates
Grant Fulkerson
26 deals$346.5M volume(818) 304-4956
BROKER
Deena Benz
Lee & Associates
Deena Benz
1 deal$3.9M volume(805) 626-1277
BROKER

Details

SOLD
IMAGE: Mike Tingus, Grant Fulkerson & Deena Benz DATE: 01/05/2024 ADDRESS: 280-330 Skyway Drive MARKET: Camarillo ASSET TYPE: Mixed-use BUYER: Bobby Babaeian SELLER: Richard Darling BROKERS: Mike Tingus (@MikeTingus), Grant Fulkerson (@GrantFulkerson) & Deena Benz (@DeenaBenz) - Lee & Associates (@LeeAssociatesRE) ASKING PRICE: $4,500,000 SALE PRICE: $3,850,000 SF: 20,000 ~ PPSF: $193

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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
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