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Jewish Federation Of Ventura County Acquires Office Building In Ventura County For $1.85M

Property Image
SOLD
$1,854,000
Adam Funk
Jeffrey Resnick
+ 1

California

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Office6,757 SF
Sold 06/13/2022
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Property Image
SOLD

Jewish Federation Of Ventura County Acquires Office Building In Ventura County For $1.85M

5425 Everglades Street, Ventura, California 93003, United States

See Similar Deals
Office6,757 SF
Sold 06/13/2022
Adam Funk
Jeffrey Resnick
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$274
Total Square Footage:6,757 SF
Transaction Type:Sale

The Jewish Federation of Ventura County has acquired an office property located at 5425 Everglades St. in Ventura County. The property, which spans 6,757 square feet, was sold by Kelton Gibson. The sale price for this transaction amounted to $1,854,000, resulting in a price per square foot value of $274. The transaction took place on June 13, 2022.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $1,854,000
  • Property Address: 5425 Everglades St.
  • Square Footage: 6,757
  • Market: Ventura County

The buyer's representatives for this deal were Adam Funk and Jeffrey Resnick from the Commercial Asset Group. On the other hand, the seller, Kelton Gibson, was represented by Jeffrey Becker and Hutton Becker from The Becker Group Inc.

Players

Jeffrey Resnick
4 deals$53.5M volume
BROKER

Adam Funk
Commercial Asset Group
1 deal$1.9M volume
BROKER

Hutton Becker
The Becker Group
1 deal$1.9M volume
BROKER

Jeffrey Becker
The Becker Group
1 deal$1.9M volume
BROKER

Details

SOLD
IMAGE: Adam Funk & Jeffrey Resnick DATE: 06/13/2022 ADDRESS: 5425 Everglades St. MARKET: Ventura County ASSET TYPE: Office BUYER: Jewish Federation of Ventura County SELLER: Kelton Gibson BUYER’S REP: Adam Funk (@AdamFunkk) & Jeffrey Resnick - Commercial Asset Group SELLER’S REP: Jeffrey Becker & Hutton Becker - The Becker Group Inc (@TheBeckerGroup_) SALE PRICE: $1,854,000 SF: 6,757 ~ PPSF: $274

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,586.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,788.91
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