Chris Gray Of Moss & Company Acquires Industrial Property At 31238 Via Colinas In Westlake Village For $6.15M
31238 Via Colinas Westlake Village, CA 91362, USA
$6,150,000
$276/SF
Building Size
22,244 SF
Asset Type
Industrial
Closing
May 19, 2023
AI
The industrial property located at 31238 Via Colinas in Westlake Village has been sold in a transaction that closed on 05/19/2023. The property spans 22,244 square feet and was sold for a price of $6,150,000, resulting in a price per square foot of $276. The property was initially listed at an asking price of $7,000,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,150,000
- Address: 31238 Via Colinas, Westlake Village
- Market: Westlake Village
- Square Footage: 22,244
- Price per Square Foot: $276
Chris Gray from Moss & Company acted as the buyer in this transaction, while the property was sold by Chris Nelson, Bryan Badgett, and Yvette Soundani. The deal was facilitated by brokers Mike Tingus, Grant Fulkerson, and Mark Leonard from Lee & Associates.
Players
Los Angeles 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
2.58%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93