Updated Oct 29, 2024
InSite Property Group LLC Acquires Mission Oaks/Camarillo Office For $11M
5300 Adolfo Road, Camarillo, CA, USA
$11,000,000
$60/SF
Building Size
181,354 SF
Asset Type
Office
Closing
Nov 11, 2019
About this deal
AI
An off-market sale recently took place in the Mission Oaks/Camarillo market, involving an office building located at 5300 Adolfo Road. The property, with a total area of 181,354 square feet, was converted from a flex building into a self storage facility. The transaction was completed on November 12, 2019.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $11,000,000
- Market: Mission Oaks/Camarillo
- Address: 5300 Adolfo Road
The buyer, InSite Property Group LLC, acquired the property from the seller, LBA Realty Group. The deal was facilitated by brokers Gary Cohen and James DeBuiser from Marcus & Millichap Ventura.
The property was sold at a price of $11,000,000, with a per square foot value of $60.65. This off-market sale not only highlights the demand for self storage facilities but also signifies the potential for repurposing flex buildings in the Mission Oaks/Camarillo market.
Players
Camarillo Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Visit Gary Cohen to view all their deals.
Browse California office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93