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Private SoCal 1031-Exchange Buyer Acquires Retail Condo In Moorpark For $4.12M

555-561 New Los Angeles Avenue
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This Mixed-use property located in CA was sold for $4,125,000 over 4 years ago. The brokers of the deal were Patrick Wade, Matthew Greenberg, Jonathan Farasat, Alexis Abad, and Alex Kozakov

A retail condo located at 555-561 New Los Angeles Ave in Moorpark has been sold for a price of $4,125,000. The property is part of a neighborhood center anchored by Starbucks and it is fully occupied with long-term anchor tenants including Starbucks and Sprint. Situated along a major retail corridor in the city of Moorpark, the property benefits from a high daily traffic count of 33,000.

Summary of transaction details

The transaction involved a private SoCal 1031-Exchange buyer and had a 66-day escrow period. The property is located in a well-established retail corridor and benefits from the presence of popular anchor tenants. The deal was facilitated by brokers Alex Kozakov, Patrick Wade, Matthew Greenberg, Jonathan Farasat, and Alexis Abad.

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Deals
  • Location
    555-561 New Los Angeles Ave, Moorpark, CA, USA555-561 New Los Angeles Ave, Moorpark, CA, USA
  • Sale Price
    $4,125,000$4,125,000
    $568 PPSF$568 PPSF
  • Area
    7,261 SF7,261 SF
  • Asset Type
    Mixed-useMixed-use
  • Parties
    5 Brokers, 2 Agencies5 Brokers, 2 Agencies

Agents

Patrick Wade

Patrick Wade

Deals12
Sold$254.5M

Matthew Greenberg

Matthew Greenberg

Deals5
Sold$71.5M

Alex Kozakov

Alex Kozakov

Deals12
Sold$254.5M

Alexis Abad

Alexis Abad

Deals3
Sold$30.8M

Agencies

CBRE

CBRE

Agency
Deals4231
Volume$184.3B

Maher Commercial Realty

Maher Commercial Realty

Agency
Deals38
Volume$182.2M

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Deal Summary

SALE IMAGE: Alex Kozakov, Patrick Wade, Matthew Greenberg, Jonathan Farasat & Alexis Abad @kozwade_retail DATE: 10/23/2019 ADDRESS: 555-561 New Los Angeles Ave MARKET: Moorpark ASSET TYPE: Retail Condo BROKERS: Alex Kozakov, Patrick Wade, Matthew Greenberg, Jonathan Farasat, Alexis Abad PRICE: $4,125,000 NOTES: STARBUCKS ANCHORED NEIGHBORHOOD CENTER, Private SoCal 1031-Exchange Buyer, 66 Day Escrow, Fully Occupied Investment with Long Term Anchor Tenants (Starbucks and Sprint), Located Along Major Retail Corridor in The City of Moorpark (33,000 CPD).

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555-561 New Los Angeles Avenue

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