Updated Dec 4, 2024
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
About this deal
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.
On the Map
$5,600,000
$493/SF
Industrial
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Players
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