Updated May 12, 2025
Richard Ehart Acquires Office At 3901 Las Posas Road In Camarillo For $6.1M
3901 Las Posas Road
$6,100,000
$121/SF
Building Size
50,250 SF
Asset Type
Office
Closing
Feb 7, 2025
About this deal
AI
The property involved in the transaction is an office asset located at 3901 Las Posas Road in Camarillo. The total sale price reached $6,100,000 for a space of 50,250 square feet, translating to a price per square foot of $121.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $6,100,000
- Address: 3901 Las Posas Road
- Market: Camarillo
- Square Footage: 50,250
- Price Per Square Foot: $121
- Buyer: Richard Ehart
- Seller: Robert Major & Randy Nader
- Brokers: Matthew Luchs & Chase Cohen - Zacuto Group
This transaction generated 13 offers through a strategic marketing plan. It opened escrow with no contingencies and successfully overcame a Seller Partition Action. Short-term seller financing was available to the buyer, while negotiations involved 53 different owners part of the selling entity.
On the Map
$6,100,000
$121/SF
Office
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Players
Camarillo 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
2.60%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93