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2399 Tapo Street, Simi Vall...

Brandon Michaels Group, Matthew Luchs & Austin Sreden Sell Simi Valley Retail For $1.98M
SOLDRetail

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

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.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

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