JLL Capital Markets Facilitates $84.7M Refinancing Loan For Retail Property In Thousand Oaks
165 North Moorpark Road, Thousand Oaks, California 91360, United States
$84,700,000
$185,745/SF
Building Size
456 SF
Asset Type
Retail
Closing
Dec 15, 2022
AI
The retail property located at 165-401 N Moorpark Rd in Thousand Oaks has undergone a refinancing loan transaction. The property spans a total of 456,390 square feet and is owned by Maxxam Enterprises.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $84,700,000
The loan for this transaction was provided by TerraCotta Credit Fund, LP. The brokers involved in the deal were Matt Stewart, Alethia Halamandaris, and Chris Jaffe from JLL Capital Markets.
Players
Thousand Oaks Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93