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280 Skyway Drive

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

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

280 Skyway Drive & 330 Skyway Drive

$3,850,000

$96/SF

Building Size

40,000 SF

Asset Type

Mixed-use

Closing

Jan 5, 2024

AI

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

Broker

$297M

vol

24 deals

Broker

Camarillo Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93