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

Property Image
SOLD
$6,739,200
Mike Tingus
Grant Fulkerson

California

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Office22,464 SF
Sold 02/15/2022
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Property Image
SOLD

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

323 Science Drive, Moorpark, California 93021, United States

See Similar Deals
Office22,464 SF
Sold 02/15/2022
Mike Tingus
Grant Fulkerson
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$300
Total Square Footage:22,464 SF
Transaction Type:Sale

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
Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER
Grant Fulkerson
Lee & Associates
Grant Fulkerson
26 deals$346.5M volume(818) 304-4956
BROKER

Details

SOLD
IMAGE: Mike Tingus & Grant Fulkerson DATE: 02/15/2022 ADDRESS: 323 Science Drive MARKET: Moorpark ASSET TYPE: Office SELLER: William Gibbs BROKERS: Grant Fulkerson (@GrantFulkerson) & Mike Tingus (@MikeTingus) - SIOR, Lee & Associates SALE PRICE: $6,739,200 SF: 22,464 ~ PPSF: $300

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$359,424.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,942.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,947.25
Annual Debt Service$383,366.95