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
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