Updated Dec 18, 2023
Griffin Capital Essential Asset REIT Inc. Acquires Simi Valley Office Building For $24.5M
1800 Tapo Canyon Rd, Simi Valley, CA 93063, USA
$24,500,000
$89/SF
Building Size
273,241 SF
Asset Type
Office
Closing
Jul 9, 2020
About this deal
AI
The office property located at 1800 Tapo Canyon in Simi Valley has been sold for a price of $24,500,000. The property spans a total area of 273,241 square feet, resulting in a price per square foot of $89.
Summary of transation details
- Property Type: Office
- Transaction Amount: $24,500,000
- Address: 1800 Tapo Canyon, Simi Valley
- Market: Simi Valley
- Size: 273,241 square feet
- Price per Square Foot: $89
The seller of the property is Griffin Capital Essential Asset REIT Inc., represented by Michael Escalante.
Players
Simi Valley 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
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93