Updated Oct 28, 2024
Alliance Residential Company Acquires Development Site In Westlake Village For $10.7M
31200 Cedar Valley Drive, Westlake Village, CA 91362, USA
$10,705,000
$142/SF
Building Size
75,000 SF
Asset Type
Development Site
Closing
Jul 28, 2021
About this deal
AI
Alliance Residential Company has acquired a development site located at 31200 Cedar Valley Drive in Westlake Village. The property spans 75,000 square feet and was sold for a total price of $10,705,000. The purchase price per square foot amounts to $142.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $10,705,000
- Address: 31200 Cedar Valley Drive, Westlake Village
The seller of the property was Jonathan Weiss. The transaction was facilitated by brokers Brandon Michaels and Matthew Luchs from Marcus & Millichap.
Players
Westlake Village Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Deal FAQ
About $142 per square foot on a published $10.7M for 75,000 square feet (2021).
Visit Matthew Luchs to view all their deals.
Browse California development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.48%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93