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Chris Gray Of Moss & Company Acquires Industrial Property At 31238 Via Colinas In Westlake Village For $6.15M

Property Image
SOLD
$6,150,000
Grant Fulkerson
Mark Leonard
+ 1

California

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Industrial22,244 SF
Sold 05/19/2023
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Property Image
SOLD

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

See Similar Deals
Industrial22,244 SF
Sold 05/19/2023
Grant Fulkerson
Mark Leonard
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Industrial
Price Per Square Foot:$276
Total Square Footage:22,244 SF
Transaction Type:Sale

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

Mike Tingus
24 deals$297M volume(818) 223-4388
BROKER

Grant Fulkerson
Lee & Associates
26 deals$346.5M volume(818) 304-4956
BROKER

Mark Leonard
Lee & Associates
2 deals$15.2M volume(818) 449-4414
BROKER

Details

SOLD
IMAGE: Mike Tingus, Grant Fulkerson & Mark Leonard DATE: 05/19/2023 ADDRESS: 31238 Via Colinas MARKET: Westlake Village ASSET TYPE: Industrial BUYER: Chris Gray - Moss & Company SELLER: Chris Nelson, Bryan Badgett & Yvette Soundani BROKERS: Mike Tingus (@Miketingus), Grant Fulkerson (@Grantfulkerson) & Mark Leonard (@Mark.T.Leonrd.3) - Lee & Associates (@LeeLANorthVenturaBrokers) ASKING PRICE: $7,000,000 SALE PRICE: $6,150,000 SF: 22,244 ~ PPSF: $276

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$328,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,849.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,154.14
Annual Debt Service$349,849.65