Updated Oct 12, 2026
Top Terraces Inc. Acquires Simi Valley Office Building For $30M
450 American Street, Simi Valley, CA, USA
$30,000,000
$142/SF
Building Size
209,904 SF
Asset Type
Office
Closing
Dec 21, 2020
About this deal
AI
An office property located at 450 American Street in Simi Valley has been sold for a total of $30,000,000. The transaction took place on December 22, 2020. The property spans across 209,904 square feet and was sold at a price per square foot of $143. The buyer of the property was Top Terraces Inc., while the seller was Griffin Capital Essential Asset REIT. The deal was facilitated by brokers Kevin Shannon, Laura Stumm, Sean Fulp, and Ryan Plummer from ataToDeals.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $30,000,000
- Address: 450 American Street
- Market: Simi Valley
- Square Footage: 209,904
- Price per Square Foot: $143
The involvement of Kevin Shannon, Laura Stumm, Sean Fulp, and Ryan Plummer from ataToDeals highlights the significance of their role as brokers in this deal. Their expertise and dedication contributed to the successful completion of the transaction.
On the Map
$30,000,000
$142/SF
Office
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Players
Simi Valley 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93