Updated Oct 29, 2024
The Colony Residential Care Acquires Senior Living Facilities In Van Nuys And Thousand Oaks For $9.65M
415 East Sidlee Street, Thousand Oaks, CA, USA
$9,650,000
$413/SF
Building Size
23,332 SF
Asset Type
Other
Closing
Feb 23, 2020
About this deal
AI
The sale of the senior living assets in Van Nuys and Thousand Oaks has been finalized. The properties involved in the transaction include 415 E. Sidlee Court, 171 W. Sidlee Court, 189 Venus Street, and 1075 Greenfield Street in Van Nuys, as well as 5797, 5805, 5881 Hillview Park Ave, and 6245 Matilija Ave in Thousand Oaks. The total square footage of these facilities is 23,332, with a price tag of $9,650,000, resulting in a price per square foot of $413.60. The transaction includes 8 residential facilities.
Summary of transaction details
- Property Type: Senior Living
- Transaction Amount: $9,650,000
- Square Footage: 23,332
- Price per Square Foot: $413.60
- Number of Units: 8
The buyer in this transaction is The Colony Residential Care, while the sellers are Sky River View Inc. and Shalev Senior living. The deal was facilitated by Jordan Gootkin and Becky Shreve from Peak Commercial, along with Shep Roylance and Bonnie Hart from Coldwell Banker.
Players
Thousand Oaks Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Deal FAQ
About $413 per square foot on a published $9.7M for 23,332 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93