Dr. Jeremy Schweitzer Acquires Office Building At 3212 Loma Vista Road In Ventura For $3.195M
SOLD
$3,195,000
California
See Similar DealsOffice9,830 SF
Sold 06/05/2023
SOLD
Dr. Jeremy Schweitzer Acquires Office Building At 3212 Loma Vista Road In Ventura For $3.195M
3212 Loma Vista Rd Ventura, CA 93003, USA
See Similar DealsOffice9,830 SF
Sold 06/05/2023
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$325
Total Square Footage:9,830 SF
Transaction Type:Sale
The office property located at 3212 Loma Vista Road in Ventura has been sold in a transaction. The property spans across 9,830 square feet and was sold for a total of $3,195,000, resulting in a price per square foot of $325. The sale took place on 06/05/2023.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,195,000
- Square Footage: 9,830
- Price Per Square Foot: $325
- Address: 3212 Loma Vista Road, Ventura
- Buyer: Dr. Jeremy Schweitzer
- Seller: Mr. Albert Ahdoot
- Brokers: Ryan Serling, Aaron Goodman & Martin Agnew - Marcus & Millichap
The deal was facilitated by the brokers Ryan Serling, Aaron Goodman, and Martin Agnew from Marcus & Millichap. They represented both the buyer, Dr. Jeremy Schweitzer, and the seller, Mr. Albert Ahdoot, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,351.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,145.93
Annual Debt Service$181,751.16
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