Updated Dec 19, 2023
Howard Herron Acquires Retail Property In Simi Valley For $6.2M From Seller Kurt Skarin
1030 E Los Angeles Ave, Simi Valley, CA 93065, USA
$6,200,000
$40/SF
Building Size
152,070 SF
Asset Type
Retail
Closing
Sep 20, 2020
About this deal
AI
A retail property located at 1030 E Los Angeles Avenue in Simi Valley has been sold. The property spans 15,207 square feet and was purchased for a total price of $6,200,000. The price per square foot for this transaction is $408, and the capitalization rate is 5.6%.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Square Footage: 15,207
- Price per Square Foot: $408
- Capitalization Rate: 5.6%
The buyer in this transaction is Howard Herron, while Kurt Skarin is the seller. The deal was facilitated by brokers Gary Cohen and James DeBuiser from Marcus Millichap Los Angeles.
Players
Simi Valley Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93