Brandon Sua Acquires Simi Valley Office Building From Mehran Nia For $7.3M
SOLD
$7,300,000
California
See Similar DealsOffice40,457 SF
Sold 07/24/2023
SOLD
Brandon Sua Acquires Simi Valley Office Building From Mehran Nia For $7.3M
1445 E Los Angeles Ave, Simi Valley, CA 93065, USA
See Similar DealsOffice40,457 SF
Sold 07/24/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$180
Total Square Footage:40,457 SF
Transaction Type:Sale
The office property located at 1445 East Los Angeles Avenue in Simi Valley has been sold in a transaction. The property spans a total area of 40,457 square feet and was sold for a price of $7,300,000, resulting in a price per square foot of $180.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $7,300,000
- Address: 1445 East Los Angeles Avenue
- Market: Simi Valley
- Square Footage: 40,457
The buyer in this transaction is Brandon Sua, while Mehran Nia acted as the seller. The deal was facilitated by brokers Josh Markowitz from Markowitz Commercial Real Estate Inc and Alex Ghatan from Skyline Property Group Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$389,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
Annual Debt Service$415,268.69
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