facebook
Traded Co logo
Submit

William Paymard Acquires Industrial Property In Westlake Village For $5.6M

Property Image
SOLD
$5,600,000
Mike Tingus
Grant Fulkerson
Jeremy Principe

California

See Similar Deals
Industrial11,352 SF
Sold 12/13/2023
the dealplayerscompscontact
Property Image
SOLD

William Paymard Acquires Industrial Property In Westlake Village For $5.6M

31113 Via Colinas

See Similar Deals
Industrial11,352 SF
Sold 12/13/2023
Mike Tingus
Grant Fulkerson
Jeremy Principe
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$493
Total Square Footage:11,352 SF
Transaction Type:Sale

The industrial property located at 31113 Via Colinas in Westlake Village has been sold in a recent transaction. The property spans 11,352 square feet and was sold for a total price of $5,600,000, which equates to a price per square foot of $493. The transaction took place on 12/13/2023.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $5,600,000
  • Address: 31113 Via Colinas, Westlake Village
  • Market: Westlake Village

The buyer of the property is William Paymard, while the seller is Peter Kleinick. Jeremy Principe from Westcordrepresented the buyer in the deal, and Grant Fulkerson and Mike Tingus from Lee & Associates represented the seller.

Players

Mike Tingus
Lee & Associates
Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER
Grant Fulkerson
Lee & Associates
Grant Fulkerson
26 deals$346.5M volume(818) 304-4956
BROKER
Jeremy Principe
Westcord
Jeremy Principe
1 deal$5.6M volume
BROKER

Details

SOLD
IMAGE: Grant Fulkerson, Mike Tingus & Jeremy Principe DATE: 12/13/2023 ADDRESS: 31113 Via Colinas MARKET: Westlake Village ASSET TYPE: Industrial BUYER: William Paymard SELLER: Peter Kleinick BUYER'S REP: Jeremy Principe (@JeremyPrincipe) - Westcord (@WestcordCommercial) SELLER'S REP: Grant Fulkerson (@GrantFulkerson) & Mike Tingus (@MikeTingus) - Lee & Associates (@LeeAssociatesRE) ASKING PRICE: $5,950,000 SALE PRICE: $5,600,000 SF: 11,352 ~ PPSF: $493

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$298,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28