Anchor Loans Signs 66-Month Lease At 1 Baxter Way, Westlake Village
1 Baxter Way, Westlake Village, CA, USA
Building Size
25,956 SF
Asset Type
Office
Closing
Mar 2, 2020
AI
Anchor Loans, a tenant in Westlake Village, has signed a 66-month lease for an office space located at 1 Baxter Way. Represented by Jared Smits and Mike Tingus, the lease transaction was facilitated by Kennedy Wilson, the landlord. The office space spans a total square footage of 25,956 and was leased at a rate of $2.35 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: 66-month lease
- Address: 1 Baxter Way, Westlake Village
- Tenant: Anchor Loans
- Landlord: Kennedy Wilson
- Brokers: Jared Smits, Mike Tingus
- Asking Price: $2.35 per square foot
- Square footage: 25,956
Jared Smits and Mike Tingus from represented the tenant, Anchor Loans, in this leasing transaction. This deal marks a significant move for Anchor Loans as they secure a long-term lease agreement in the Westlake Village market.
Players
Westlake Village Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93