Updated Dec 30, 2025
OWN LA Acquires Office Asset At 515 Marin Street Thousand Oaks From Nearon Enterprises For $9M
515 Marin Street
$9,000,000
$142/SF
Building Size
63,008 SF
Asset Type
Office
Closing
Dec 18, 2025
About this deal
AI
The property asset involved in this transaction is an office located at 515 Marin Street in Thousand Oaks. The sale was finalized for a total amount of $9,000,000, encompassing a total square footage of 63,008. The price per square foot for this transaction was recorded at $142.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $9,000,000
- Address: 515 Marin Street
- Market: Thousand Oaks
- Square Footage: 63,008
- Price Per Square Foot: $142
- Buyer: OWN LA
- Seller: Nearon Enterprises
- Brokers: Jared Smits & Mark Leonard - Lee & Associates
The deal was facilitated by brokers Jared Smits and Mark Leonard, representing the interests of the buyer and seller in this transaction. The involvement of Lee & Associates as the brokerage firm underscores their role in the negotiation process.
Players
Thousand Oaks Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Jared Smits to view all their deals.
Browse Thousand Oaks office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93