Updated Dec 21, 2023
Brandon Michaels Group, Matthew Luchs & Austin Sreden Sell Simi Valley Retail For $1.98M
2399 Tapo Street, Simi Valley, Ventura County, CA, USA
$1,979,000
$1,570/SF
Building Size
1,260 SF
Asset Type
Retail
Closing
Jan 28, 2021
About this deal
AI
A retail property located at 2399 Tapo Street in Simi Valley, Ventura County, was recently sold. The property has a total area of 1,260 square feet. The sale took place on January 29, 2021, and was facilitated by Brandon Michaels, Matthew Luchs, and Austin Sreden. The property was sold for a price of $1,979,000, resulting in a price per square foot of $1,570.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $1,979,000
- Square Footage: 1,260 SF
- Address: 2399 Tapo Street
- Market: Simi Valley, Ventura County
The sale of this retail property in Simi Valley involved the expertise of Brandon Michaels, Matthew Luchs, and Austin Sreden, who represented the buyer and seller in the transaction.
On the Map
$1,979,000
$1,570/SF
Retail
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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
8.02%
Cash-on-Cash
-2.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93