Partners Capital Inc. Acquires Industrial Property In Westlake Village For $9.25M
SOLD
$9,250,000
California
See Similar DealsIndustrial43,640 SF
Sold 04/01/2021
SOLD
Partners Capital Inc. Acquires Industrial Property In Westlake Village For $9.25M
31143 Via Colinas, Westlake Village, CA, USA
See Similar DealsIndustrial43,640 SF
Sold 04/01/2021
Summary
CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$212
Total Square Footage:43,640 SF
Transaction Type:Sale
The industrial property located at 31143-31149 Via Colinas in Westlake Village has been sold. The property consists of 27 units with a total square footage of 43,640. The sale price for this transaction was $9,250,000, resulting in a price per square foot of $212.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,250,000
- Units: 27
- Square Footage: 43,640
- Price per Square Foot: $212
- Address: 31143-31149 Via Colinas, Westlake Village
- Market: Westlake Village
The property was purchased by Partners Capital Inc., represented by Ryan Adjnasian and Mark Blumenthal. The seller in this transaction was the Bollenbacher Trust. The deal was facilitated by broker Vic Deirmendjian. This acquisition was part of the buyer's 1031 exchange requirement.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63
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