Jewish Federation Of Ventura County Acquires Office Building In Ventura County For $1.85M
5425 Everglades Street, Ventura, California 93003, United States
$1,854,000
$274/SF
Building Size
6,757 SF
Asset Type
Office
Closing
Jun 12, 2022
AI
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
Ventura 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
8.56%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93