Lee & Associates Brokers Grant Fulkerson And Mike Tingus Facilitate $6.7M Sale Of Moorpark Office Property
323 Science Drive, Moorpark, California 93021, United States
$6,739,200
$300/SF
Building Size
22,464 SF
Asset Type
Office
Closing
Feb 14, 2022
AI
The office property located at 323 Science Drive in Moorpark has been sold. The transaction took place on February 15, 2022. The property comprises 22,464 square feet and was sold for a price of $6,739,200, resulting in a price per square foot of $300. The seller of the property was William Gibbs, and the brokers involved in the deal were Grant Fulkerson and Mike Tingus from SIOR, Lee & Associates.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $6,739,200
- Address: 323 Science Drive, Moorpark
- Market: Moorpark
- Square Footage: 22,464
- Price per Square Foot: $300
Grant Fulkerson and Mike Tingus from SIOR, Lee & Associates represented the seller, William Gibbs, in the transaction.
Players
Moorpark 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93