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4304 Cochran St, Simi Valle...

Saman Derakhshan Acquires Retail Property In Simi Valley For $1.355M
SOLDRetail

Saman Derakhshan Acquires Retail Property In Simi Valley For $1.355M

4304 Cochran St, Simi Valley, CA, USA

$1,355,000

$258/SF

Building Size

5,250 SF

Asset Type

Retail

Closing

Oct 1, 2021

AI

A retail property located at 4304 Cochran St. in Simi Valley has been sold for a total of $1,355,000. The property spans 5,250 square feet and was sold at a price per square foot of $258.

Summary of transaction details:

The deal involved the participation of several individuals and companies. The buyer, Saman Derakhshan, acquired the property from the seller, Mi Y. Kim. The transaction was facilitated by the brokers, Brandon Michaels, Matthew Luchs, and Austin Sreden, who represented both parties in the deal. Marcus & Millichap served as the agency responsible for the transaction.

Players

Brandon Michaels

Marcus & Millichap

Broker

$747.9M

vol

138 deals

Broker

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

11.71%

Cash-on-Cash

-3.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93