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Mojtaba Sajjadieh Acquires Retail Property In Camarillo, Point Mugu For $11.7M

Property Image
SOLD
$11,725,714

California

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Retail30,000 SF
Sold 01/11/2022
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Property Image
SOLD

Mojtaba Sajjadieh Acquires Retail Property In Camarillo, Point Mugu For $11.7M

1341 West Channel Islands Boulevard, Oxnard, California 93033, United States

See Similar Deals
Retail30,000 SF
Sold 01/11/2022
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Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$390
Total Square Footage:30,000 SF
Transaction Type:Sale

The retail property located at 1341 West Channel Island Blvd. in Camarillo, Point Mugu has been sold. The property, spanning 30,000 square feet, was sold for a total price of $11,725,714, resulting in a price per square foot of $390. The transaction took place on January 11, 2022.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $11,725,714
  • Address: 1341 West Channel Island Blvd.
  • Market: Camarillo, Point Mugu

The buyer of the property is Mojtaba Sajjadieh and the seller is Argentic Investment Management. The deal was facilitated by brokers Ben Snyder and Zack Bates from Matthews Real Estate Investment Services.

Players

Ben Snyder
11 deals$118.1M volume
BROKER

Zack Bates
Matthews
4 deals$75.4M volume
BROKER

SELLER

Details

SOLD
IMAGE: Ben Snyder & Zack Bates DATE: 01/11/2022 ADDRESS: 1341 West Channel Island Blvd. MARKET: Camarillo, Point Mugu ASSET TYPE: Retail BUYER: Mojtaba Sajjadieh SELLER: Argentic Investment Management BROKERS: Ben Snyder (@BSnyder0) & Zack Bates (@The_ZB) - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $11,725,714 SF: 30,000 ~ PPSF: $390

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$625,371.41

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,658.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,585.87
Annual Debt Service$667,030.40