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3155 Old Topanga Canyon Roa...

3155 Old Conejo Rd Office Building Sold In Newbury Park For $1.7M By 3155 Old Conejo Road LLC And David M. Karen Family Trust
SOLDOffice

3155 Old Conejo Rd Office Building Sold In Newbury Park For $1.7M By 3155 Old Conejo Road LLC And David M. Karen Family Trust

3155 Old Topanga Canyon Road, Topanga, CA 90290

$1,706,103

$357/SF

Building Size

4,779 SF

Asset Type

Office

Closing

Jun 17, 2020

AI

An office property located at 3155 Old Conejo Rd in Newbury Park, Thousand Oaks, was recently sold for a total price of $1,706,103. The property spans 4,779 square feet, resulting in a price per square foot of $357. The sale took place on June 17, 2021, and involved the following parties:

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,706,103
  • Address: 3155 Old Conejo Rd, Newbury Park, Thousand Oaks
  • Market: Newbury Park, Thousand Oaks

The buyer of the property was 3155 Old Conejo Road LLC, while the seller was the David M. Karen Family Trust. Representing the buyer in the transaction was Michael Slater from CBRE. On the other hand, the seller was represented by Richard Green, Martin Agnew, and Ryan Serling. These individuals played key roles in facilitating the deal.

Players

Martin Agnew

Marcus & Millichap

Broker

$450M

vol

123 deals

Broker

Topanga 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

9.30%

Cash-on-Cash

-2.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93