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323 Science Drive, Moorpark...

Lee & Associates Brokers Grant Fulkerson And Mike Tingus Facilitate $6.7M Sale Of Moorpark Office Property
SOLDOffice

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

Mike Tingus

Lee & Associates

Broker

$297M

vol

24 deals

Broker

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