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
- Property Type: Retail
- Transaction Amount: $22,100,000
- Address: 3885 Cochran Street
- Market: Simi Valley
- Buyer: Charles Park
- Seller: Griffin Living
- Brokers: Daniel Tyner, Gleb Lvovich & Geoff Tranchina - JLL
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
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