Ramin Modiri Purchases Mixed-Use Property In Simi Valley For $5.78M From Bobby Younessi

The property located at 2585 Cochran Street in Simi Valley is a mixed-use asset that recently sold for $5,775,000. It encompasses 29,066 square feet, translating to a price per square foot of $198. The property features a diverse tenant mix, including Cupid's Hot Dogs, Junkyard Cafe, and Opportunities For Learning. It is situated at a prominent signalized corner with easy access to the 118 Freeway and is surrounded by national retailers including Target, Trader Joe's, Sprouts Farmers Market, and Chick-Fil-A.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $5,775,000
• Buyer: Ramin Modiri
• Seller: Bobby Younessi
• Seller's Representative: Matthew Luchs & Chase Cohen - Zacuto Group
• Square Footage: 29,066
• Price per Square Foot: $198

Matthew Luchs and Chase Cohen from Zacuto Group represented the seller in this transaction. They successfully insulated the seller from price renegotiations and coordinated seamlessly with the lender, title, escrow, and both the buyer and seller. They collaborated with an out-of-town buyer and the buyer's broker to ensure adequate representation throughout the deal, including managing inspections and due diligence.