Updated Sep 5, 2024
Carla Joan Acquires Retail Property In Moorpark For $3.7M
4225 Tierra Rejada Road
$3,700,000
$292/SF
Building Size
12,649 SF
Asset Type
Retail
Closing
Dec 22, 2022
About this deal
AI
The retail property located at 4225 & 4263 Tierra Rejada Road in Moorpark has been sold for a total of $3,700,000. The property spans a total area of 12,649 square feet, resulting in a price per square foot of $293. The transaction took place on December 22, 2022, with Carla Joan purchasing the property from Patricia Lockhart. The deal was facilitated by brokers Vanessa Haddad and Sam Alison from CBRE.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,700,000
- Square Footage: 12,649 sq ft
- Address: 4225 & 4263 Tierra Rejada Road, Moorpark
- Market: Moorpark
- Buyer: Carla Joan
- Seller: Patricia Lockhart
- Brokers: Vanessa Haddad & Sam Alison - CBRE
Vanessa Haddad and Sam Alison from CBRE represented the buyer and seller in this transaction, facilitating the successful sale of the retail property. The deal highlights their expertise in the real estate market and their ability to negotiate a favorable price for their clients.
Players
Moorpark 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93