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

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SOLD
$20,000,000

California

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Retail129,000 SF
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SOLD

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

33 N Moorpark Rd, Thousand Oaks, CA, USA

See Similar Deals
Retail129,000 SF
Sold
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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

David Maling
12 deals$98.6M volume
BROKER

Christopher (Chris) Maling
Avison Young
10 deals$79M volume
BROKER

BUYER

Details

SOLD
IMAGE: Chris Maling & David Maling DATE: 03/03/2020 ADDRESS: 33 N Moorpark Rd MARKET: Thousand Oaks ASSET TYPE: Retail BUYER: Chesser Group SELLER: London Reo Retail-CA BROKERS: Chris & David Maling - Avison Young PRICE: $20,000,000 SF: 129,000 ~ PPSF: $155

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Deal Type
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