Geoliv Investment Group Acquires Multifamily Asset In Thousand Oaks For $11.5M

The property asset involved in this transaction is a multifamily asset located at 605 Warwick Avenue in Thousand Oaks. It comprises 36 residential units with a total square footage of 36,882. The sale price for this asset was $11,500,000, resulting in a price per unit of $319,444 and a price per square foot of $312.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,500,000
• Units: 36
• Square Footage: 36,882
• Price Per Unit: $319,444
• Price Per Square Foot: $312
• Seller's Representative: Luc Whitlock - JLL
• Mortgage Brokers: Max Mraz & Marc Schillinger - JLL
• Loan Amount: $12,440,639

The buyer of this asset, Geoliv Investment Group, was represented by the seller's agent, Luc Whitlock from JLL. The transaction involved mortgage brokerage services provided by Max Mraz and Marc Schillinger, also from JLL, further facilitating the deal.