Updated Sep 5, 2024
Meridian Capital Group Arranges $4M Acquisition Loan For Industrial Properties In Canoga Park And Thousand Oaks, CA
7901 Canoga Avenue, Canoga Park, California & 2560 Calcite Circle, Thousand Oaks, California
$4,000,000
$4,000,000/SF
Building Size
1 SF
Asset Type
Industrial
Closing
Feb 15, 2023
About this deal
AI
The recently closed property transaction involved an industrial asset located at 7901 Canoga Avenue in Canoga Park, CA, and 2560 Calcite Circle in Thousand Oaks, CA. The property is situated in the Canoga Park and Thousand Oaks markets, respectively.
Summary of transaction details
- Property Type: Industrial
- Loan Amount: $4,000,000
- Loan Type: Acquisition Loan
The brokers involved in this transaction were Max Jacobson, David Oheb, and Morgan Ben-Moshe from Meridian Capital Group. Their representative agency in this deal was Meridian Capital Group.
Notably, this transaction was successfully closed in just 7 business days, highlighting the efficiency and effectiveness of the involved parties.
For more information on how Meridian can add value to your portfolio, please contact Max Jacobson at 818-590-6809 or via email at [email protected].
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93