AHS Property Inc Acquires Retail Property In Newbury Park For $X Million
3057 Grande Vista Dr, Thousand Oaks...
Building Size
37,346 SF
Asset Type
Retail
Closing
Aug 23, 2019
AI
The retail building located at 3057 Grande Vista Drive in Newbury Park has been sold. AHS Property Inc. acquired the 37,346-square-foot building from Academy Road LLC. The property is part of the Village at Newbury Park shopping center, which also includes tenants like LA Fitness, Target, The Home Depot, Staples, Lowe’s Home Improvement Warehouse, and PetSmart.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 3057 Grande Vista Dr, Thousand Oaks
- Market: Newbury Park
- Buyer: AHS Property Inc
- Seller: Academy Road LLC
- Square Footage: 37,346
- Buyer's Rep: Mark Thiel (Marcus & Millichap)
- Seller's Rep: Yvonne Shum (Beta)
Richard Rizika and Yvonne Shum of Beta represented the seller in the transaction, while Mark Thiel of Marcus & Millichap represented the buyer, AHS Property Inc.
Newbury Park Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93