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3885 Cochran Street

Charles Park Acquires Retail Property In Simi Valley From Griffin Living For $22.1M
SOLDRetail

Charles Park Acquires Retail Property In Simi Valley From Griffin Living For $22.1M

3885 Cochran Street

$22,100,000

$259/SF

Building Size

85,022 SF

Asset Type

Retail

Closing

Jan 12, 2023

AI

The retail property located at 3885 Cochran Street in Simi Valley has been sold for a total price of $22,100,000. The property spans across 85,022 square feet, resulting in a price per square foot of $260.

Summary of transaction details

The sale of this retail property was facilitated by the brokers Daniel Tyner, Gleb Lvovich, and Geoff Tranchina from JLL. They represented the buyer, Charles Park, and the seller, Griffin Living, in this transaction.

Players

Daniel Tyner

JLL

Broker

$2.2B

vol

67 deals

Broker
GL
Griffin LivingSeller

Simi Valley 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

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93