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224 East Clara Street, Port...

Updated Dec 21, 2023

Port Hueneme Medical / Office Facility Sold For $11.5M By Martin Agnew, Ryan Serling & John Repstad
SOLDOffice

Port Hueneme Medical / Office Facility Sold For $11.5M By Martin Agnew, Ryan Serling & John Repstad

224 East Clara Street, Port Hueneme, CA, USA

$11,500,000

$421/SF

Building Size

27,311 SF

Asset Type

Office

Closing

Jan 16, 2019

About this deal

AI

A 27,311-square-foot Medical/Office 90-bed Rehabilitation Facility located at 224 E Clara St in Port Hueneme has been sold for $11,500,000. The property was sold on January 17, 2019. The price per square foot for this transaction was $421.

Summary of transaction details

  • Property Type: Medical/Office 90-bed Rehabilitation Facility
  • Transaction Amount: $11,500,000
  • Address: 224 E Clara St
  • Market: Port Hueneme
  • Date: 01/17/2019
  • Square Footage: 27,311
  • Price per Square Foot: $421

The sale of the property was facilitated by brokers Martin Agnew and Ryan Serling from the Agnew Serling Group. John Repstad from Realty Advisory Group, Inc also played a role in the transaction.

Players

Martin Agnew

Marcus & Millichap

Broker

$458.1M

vol

128 deals

Broker

Port Hueneme Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $421 per square foot on a published $11.5M for 27,311 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.38%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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