Updated Sep 9, 2024
Business Finance Capital CDC Provides $2.97M Loan For Thousand Oaks Industrial Property
3579 Old Conejo Rd Thousand Oaks, CA 91320, USA
$2,970,000
$246/SF
Building Size
12,068 SF
Asset Type
Industrial
Closing
Aug 18, 2023
About this deal
AI
The industrial property located at 3579 Old Conejo Road in Thousand Oaks has been acquired through an owner-user purchase. The property spans 12,068 square feet and is situated on a .79 acre lot. The transaction was valued at $3,300,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,300,000
- Address: 3579 Old Conejo Road, Thousand Oaks
- Market: Thousand Oaks
In this acquisition, the lender involved in the transaction is Business Finance Capital CDC, with Lee Kleinman representing them. The landlord of the property is Robert Leark. The broker responsible for facilitating the deal is Scott Linklater from NAI Capital.
Players
Old Concord 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
5.34%
Cash-on-Cash
-1.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93