Chesser Group Acquires Retail Property In Thousand Oaks For $20M
SOLD
California
See Similar DealsRetail129,000 SF
Sold
SOLD
Chesser Group Acquires Retail Property In Thousand Oaks For $20M
33 N Moorpark Rd, Thousand Oaks, CA, USA
See Similar DealsRetail129,000 SF
Sold
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$155
Total Square Footage:129000 SF
Transaction Type:Sale
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
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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