Updated Jul 7, 2025
Northwestern Mutual Sells Oxnard Multifamily Property For $92.25M With Berkadia Brokers
2060 Zocolo St, Oxnard, CA 93030, USA
$92,250,000
$355/SF
Building Size
259,374 SF
Asset Type
MultiFamily
Closing
May 4, 2020
About this deal
AI
Located at 2060 Zocolo St in Oxnard, the recently closed multifamily property transaction was facilitated by Mike Smith, Jim Fisher, Michael Thagard, and Joe Leon from Berkadia, who represented the seller, Northwestern Mutual. The property consists of 272 units, offering a total square footage of 259,374. The transaction closed on 5th May 2020 with a sale price of $92,250,000. The price per square foot was $355.66, and the price per unit was $338,970.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $92,250,000
- Square Footage: 259,374
- Address: 2060 Zocolo St, Oxnard
- Market: Oxnard
The successful completion of this transaction showcases the expertise of the brokerage team from Berkadia, including Mike Smith, Jim Fisher, Michael Thagard, and Joe Leon. Their efforts in representing Northwestern Mutual as sellers were instrumental in finalizing the deal for the multifamily property.
On the Map
$92,250,000
$355/SF
MultiFamily
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Players
Oxnard MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93