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Donohue Schriber Sells Retail Property In Camarillo For $61.5M

Property Image
SOLD
$61,500,000

California

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Retail246,733 SF
Sold 05/17/2021
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Property Image
SOLD

Donohue Schriber Sells Retail Property In Camarillo For $61.5M

2350 Las Posas Rd, Camarillo, CA, USA

See Similar Deals
Retail246,733 SF
Sold 05/17/2021
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$249
Total Square Footage:246,733 SF
Transaction Type:Sale

2350 Las Posas Rd in Camarillo has been sold for $61,500,000. The retail property was acquired by Donohue Schriber from Michael Glimcher. The transaction took place on May 17, 2021.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $61,500,000
  • Address: 2350 Las Posas Rd, Camarillo

El Warner from Colliers International represented Donohue Schriber in the deal.

Players

El Warner
Colliers
El Warner
7 deals$196.1M volume
BROKER

Details

SOLD
IMAGE: Michael Glimcher & El Warner DATE: 05/17/2021 ADDRESS: 2350 Las Posas Rd MARKET: Camarillo ASSET TYPE: Retail SELLER: Donohue Schriber - Michael Glimcher BROKER: El Warner - Colliers International SALE PRICE: $61,500,000

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$218,496.50
Cash-on-Cash Return-1.27%
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