Updated Oct 29, 2024
SSA California Properties Acquires Woodlands Plaza Restaurant In Simi Valley For $2M
698 E Los Angeles Ave Simi Valley, CA 93065, USA
$2,000,000
$350/SF
Building Size
5,708 SF
Asset Type
Retail
Closing
Jun 2, 2023
About this deal
AI
A 5,708-square-foot restaurant building in Simi Valley's Woodlands Plaza has been sold for $2 million. The property, located at 698 East Los Angeles Avenue, was purchased by SSA California Properties LLC from Barsky Family Limited Partnership. The sale was brokered by Michael Schiff of NAI Capital Commercial. The new owner plans to open a breakfast restaurant in the space previously occupied by Cocos.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $2,000,000
- Square Footage: 5,708
- Price per Square Foot: $350
- Address: 698 East Los Angeles Avenue
- Market: Simi Valley
Michael Schiff of NAI Capital Commercial represented the buyer, SSA California Properties LLC, in the transaction.
Players
Los Angeles 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93