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255 Maple Street, Oxnard, C...

Skya Ventures Acquires Office Portfolio In Ventura For $24.3M
SOLDOffice

Skya Ventures Acquires Office Portfolio In Ventura For $24.3M

255 Maple Street, Oxnard, California 93033, United States

$24,300,000

Building Size

Asset Type

Office

Closing

Dec 13, 2021

AI

A 7.7-acre office property located at 255, 260, 290, and 3585 Maple Street in Ventura has been sold for a transaction amount of $24,300,000. The sale took place on 12/13/2021. The property is situated in the Ventura market.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $24,300,000
  • Address: 255, 260, 290 & 3585 Maple Street
  • Market: Ventura
  • Acres: 7.7

The buyer of this property is Skya Ventures represented by Gelena Wasserman. The transaction was facilitated by brokers Mark Shaffer, Melinda Russell, Anthony DeLorenzo, Gerard Poutier, and Michael Slater from CBRE.

Players

Melinda Russell

CBRE

Broker

$63.5M

vol

5 deals

Broker

Oxnard 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