Graymark Capital Acquires Office Property In Thousand Oaks For $17.75M
120 S Via Merida, Thousand Oaks, CA 91362, USA
$17,750,000
$179/SF
Building Size
98,776 SF
Asset Type
Office
Closing
Mar 14, 2023
AI
The office property located at 120 S Via Merida in Thousand Oaks has been sold in a closed transaction. The property spans across 6.7 acres and features a total square footage of 98,776. The sale price for this transaction was $17,750,000, resulting in a price per square foot of $180.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $17,750,000
- Address: 120 S Via Merida, Thousand Oaks
- Market: Thousand Oaks
- Acres: 6.7
Graymark Capital, represented by Brian Hecktman, acted as the buyer in this transaction. The brokerage services were provided by Mike Longo, Sean Sullivan, and Todd Tydlaska from CBRE. Greg Grant, also from CBRE, served as the mortgage broker for this deal.
Players
Los Angeles Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.89%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93