Frontier Communications

Frontier Communications 2560 Teller Road
Thousand Oaks, CA 91320

  • $16,000,000

    Sale Price

  • $224

    Sale Price PSF

  • 06/02/2021

    Closing Date

  • 71,402

    Square Feet

  • 100%

    Occupancy

  • 8.42 Years

    WALT

Sale Summary

Address

  • 2560 Teller Road
    Thousand Oaks, CA 91320

Sale Details

  • Sale Price$16,000,000
  • Sale Price PSF$224
  • Closing Date6/2/2021

Sale Description

The Property was 100% NNN-leased to Frontier Communications for just over eight years. Frontier Communications is a publicly traded Fortune 500 telecommunications company providing service in 29 states.

Frontier emerged from chapter 11 bankruptcy just before the transaction closed, and now is a much stronger company with $11 billion less debt and $1 billion less annual interest expense.

Address

  • 2560 Teller Road
    CA 91320

Sale Details

  • Sale Price$16,000,000
  • Sale Price PSF$224
  • Closing Date6/2/2021