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859 E Los Angeles Ave, Simi...

Brandon Michaels, @MatthewLuchs & Austin Sreden Sell Simi Valley Retail Property For $2,026,000
SOLDRetail

Brandon Michaels, @MatthewLuchs & Austin Sreden Sell Simi Valley Retail Property For $2,026,000

859 E Los Angeles Ave, Simi Valley, Ventura County, CA, USA

$2,026,000

$239/SF

Building Size

8,445 SF

Asset Type

Retail

Closing

Feb 9, 2021

AI

The retail property located at 859 E. Los Angeles Ave. in Simi Valley, Ventura County was recently sold for a total price of $2,026,000. The transaction took place on February 10, 2021. The property spans 8,445 square feet, resulting in a price per square foot of $240.

Summary of transation details

  • Property Type: Retail
  • Transaction Amount: $2,026,000
  • Square Footage: 8,445
  • Price per Square Foot: $240
  • Address: 859 E. Los Angeles Ave.
  • Market: Simi Valley, Ventura County

The sale of this retail property was facilitated by brokers Brandon Michaels, @MatthewLuchs, and Austin Sreden. They represented the parties involved in 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

7.83%

Cash-on-Cash

-2.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93