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31113 Via Colinas

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

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

31113 Via Colinas

$5,600,000

$493/SF

Building Size

11,352 SF

Asset Type

Industrial

Closing

Dec 13, 2023

AI

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

Broker

$297M

vol

24 deals

Broker

Westlake Village Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93