Mojtaba Sajjadieh Acquires Retail Property In Camarillo, Point Mugu For $11.7M
1341 West Channel Islands Boulevard, Oxnard, California 93033, United States
$11,725,714
$390/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
Jan 10, 2022
AI
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
Oxnard 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
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93