Private SoCal 1031-Exchange Buyer Acquires Retail Condo In Moorpark For $4.12M

555-561 New Los Angeles Ave, Moorpark, CA, USA

$4,125,000

$568/SF

Building Size

7,261 SF

Asset Type

Mixed-use

Closing

Oct 22, 2019

AI

A retail condo located at 555-561 New Los Angeles Ave in Moorpark has been sold for a price of $4,125,000. The property is part of a neighborhood center anchored by Starbucks and it is fully occupied with long-term anchor tenants including Starbucks and Sprint. Situated along a major retail corridor in the city of Moorpark, the property benefits from a high daily traffic count of 33,000.

Summary of transaction details

Property Type: Retail Condo
Transaction Amount: $4,125,000
Date: 10/23/2019
Market: Moorpark
BROKERS: Alex Kozakov, Patrick Wade, Matthew Greenberg, Jonathan Farasat, Alexis Abad

The transaction involved a private SoCal 1031-Exchange buyer and had a 66-day escrow period. The property is located in a well-established retail corridor and benefits from the presence of popular anchor tenants. The deal was facilitated by brokers Alex Kozakov, Patrick Wade, Matthew Greenberg, Jonathan Farasat, and Alexis Abad.

Players