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5425 Everglades Street, Ven...

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

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

Jeffrey Resnick

Commercial Asset Group

Broker

$53.5M

vol

4 deals

Broker

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