Ron Stitch Sells Simi Valley Office Building On E. Los Angeles Avenue For $4.16M
SOLD
$4,160,000
California
See Similar DealsOffice23,997 SF
Sold 04/19/2021
SOLD
Ron Stitch Sells Simi Valley Office Building On E. Los Angeles Avenue For $4.16M
5775 East Los Angeles Avenue, Simi Valley, CA, USA
See Similar DealsOffice23,997 SF
Sold 04/19/2021
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$173
Total Square Footage:23,997 SF
Transaction Type:Sale
An office property located at 5775 E. Los Angeles Avenue in Simi Valley has been sold for a price of $4,160,000. The property spans across 23,997 square feet, resulting in a price per square foot of $173. This transaction took place on April 19, 2021. The property is situated in the Simi Valley market.
Summary of transation details
- Property Type: Office
- Transaction Amount: $4,160,000
- Square Footage: 23,997
- Price per Square Foot: $173
- Market: Simi Valley
Ron Stitch acted as the seller in this sale. The brokers involved in this transaction were James DeBuiser from @JamesJDeBuiser and Gary Cohen. The deal was closed with a capitalization rate of 6.25%.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,779.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,720.52
Annual Debt Service$236,646.27
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