Updated Dec 21, 2023
Ron Stitch Sells Simi Valley Office Building On E. Los Angeles Avenue For $4.16M
5775 East Los Angeles Avenue, Simi Valley, CA, USA
$4,160,000
$173/SF
Building Size
23,997 SF
Asset Type
Office
Closing
Apr 18, 2021
About this deal
AI
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%.
Players
Simi Valley 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
3.81%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93