Updated Dec 4, 2024
Bobby Babaeian Acquires Mixed-Use Property In Camarillo For $3.85M
280 Skyway Drive & 330 Skyway Drive
$3,850,000
$96/SF
Building Size
20,000 SF
Asset Type
Mixed-use
Closing
Jan 5, 2024
About this deal
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.
On the Map
$3,850,000
$96/SF
Mixed-use
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Players
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