Brandon Michaels Group Acquires Retail Property In Simi Valley, Ventura County For $1.48M
2001 Donville Ave, Simi Valley, Ventura County, CA, USA
$1,478,000
$295/SF
Building Size
4,996 SF
Asset Type
Retail
Closing
Dec 30, 2020
AI
Located at 2001 Donville Ave. in Simi Valley, Ventura County, this retail property has recently been sold. The transaction took place on 12/31/2020 and was facilitated by brokers Brandon Michaels, Matthew Luchs, Steven Schechter, and Austin Sreden. The property spans 4,996 square feet and was sold for $1,478,000, resulting in a price per square foot of $991.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,478,000
- Address: 2001 Donville Ave.
- Market: Simi Valley, Ventura County
Brandon Michaels, Matthew Luchs, Steven Schechter, and Austin Sreden were the brokers involved in this deal. Their representation was crucial in the successful completion of this transaction.
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
10.73%
Cash-on-Cash
-3.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93