Dunbar Real Estate Investment Management Acquires Mixed-Use Complex In Westlake Village For $12.625M
30961 Agoura Road
$12,625,000
$195/SF
Building Size
64,600 SF
Asset Type
Mixed-use
Closing
Apr 10, 2026
AI
The property involved in this transaction is located at 30941 & 30961 Agoura Road in Westlake Village. It is a mixed-use asset, specifically a 64,600-square-foot industrial and office complex. The property was sold for $12,625,000, which translates to approximately $195 per square foot.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $12,625,000
- Square Footage: 64,600
- Address: 30941 & 30961 Agoura Road
- Market: Westlake Village
- Buyer: Ross Mitchell - Dunbar Real Estate Investment Management
- Seller: Ronald K. Stitch - West Oaks Park LLC
- Broker: James Debuiser - Marcus & Millichap
- Price per Square Foot: $195
Dunbar Real Estate Investment Management acquired the property, which is 92% leased, indicating existing tenants and the potential for additional value through lease rollovers and adjustments to below-market rents. This acquisition aligns with Dunbar’s strategy of repositioning small-bay industrial assets located throughout Southern California.
Players
Westlake Village Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93