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33 N Moorpark Rd, Thousand ...

Chesser Group Acquires Retail Property In Thousand Oaks For $20M
SOLDRetail

Chesser Group Acquires Retail Property In Thousand Oaks For $20M

33 N Moorpark Rd, Thousand Oaks, CA, USA

$20,000,000

$155/SF

Building Size

129,000 SF

Asset Type

Retail

Closing

Mar 2, 2020

AI

33 N Moorpark Rd in Thousand Oaks has been sold. The retail property, spanning 129,000 square feet, was sold for $20,000,000, resulting in a price per square foot of $155. The transaction took place on 03/03/2020.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $20,000,000
  • Square Footage: 129,000
  • Address: 33 N Moorpark Rd
  • Market: Thousand Oaks

The buyer of the property was Chesser Group, while the seller was London Reo Retail-CA. The deal was brokered by Chris & David Maling from Avison Young.

Players

David Maling

Avison Young

Broker

$98.6M

vol

12 deals

Broker
CG
Chesser GroupBuyer
LR
London Reo Retail-CASeller

Thousand Oaks 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

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93