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

Property Image
SOLD
$11,500,000

California

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Office27,311 SF
Sold 01/17/2019
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Property Image
SOLD

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

224 East Clara Street, Port Hueneme, CA, USA

See Similar Deals
Office27,311 SF
Sold 01/17/2019
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$421
Total Square Footage:27,311 SF
Transaction Type:Sale

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
119 deals$436.8M volume
BROKER

Ryan Rothstein-Serling
Marcus & Millichap
122 deals$509.8M volume(818) 212-2725
BROKER

John Repstad
Realty Advisory Group
4 deals$45.2M volume
BROKER

Details

SOLD
IMAGE: Martin Agnew & Ryan Serling ADDRESS: 224 E Clara St MARKET: Port Hueneme DATE: 01/17/2019 ASSET TYPE: Medical / Office 90-bed Rehabilitation Facility PRICE: $11,500,000 SF: 27,311 PPSF: $421 BROKERS: Martin Agnew @martyagnew & Ryan Serling @ryanrs14 @agnewserlinggroup, John Repstad - Realty Advisory Group, Inc

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
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