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120 S Via Merida, Thousand ...

Graymark Capital Acquires Office Property In Thousand Oaks For $17.75M
SOLDOffice

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

Michael Longo

CBRE

Broker

$1.9B

vol

32 deals

Broker
GC
Graymark CapitalBuyer

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