Updated Oct 29, 2024
Summit Financial Consultants Leases 6000 SF Office At 3075 Townsgate Rd, Westlake Village
3075 Townsgate Rd, Westlake Village...
Building Size
6,000 SF
Asset Type
Office
Closing
Apr 11, 2017
About this deal
AI
The office property located at 3075 Townsgate Rd in Westlake Village has been leased by Summit Financial Consultants. The space spans 6,090 square feet and is situated in the Westlake Park Place, which is the final building constructed at the location.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not provided
- Address: 3075 Townsgate Rd, Westlake Village
- Market: Westlake Village
- Tenant: Summit Financial Consultants
- Landlord: Westlake Plaza Center East – II LLC
- Square Feet: 6,000
- Tenant's Rep: Michael (Mike) Foxworthy, Sr (Daum Commercial Real Estate Services)
- Landlord's Rep: Michael (Mike) Foxworthy, Daum Commercial Real Estate Services; Craig Cahow, Daum Commercial
Michael (Mike) Foxworthy of Daum Commercial Real Estate Services represented Summit Financial Consultants in the lease agreement. The landlord, Westlake Plaza Center East – II LLC, was represented by another Daum Commercial executive, Craig Cahow, along with Mike Foxworthy.
Westlake Village Office Market Snapshot
Boundary boundary · Office · Lease transactions
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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