Commune Capital Leases Office Space At 31248 Oak Crest Dr. In Conejo Valley
31248 Oak Crest Drive, Westlake Village, California 91361, United States
Building Size
8,837 SF
Asset Type
Office
Closing
Nov 10, 2022
AI
The office property located at 31248 Oak Crest Dr. in Conejo Valley has been leased. The property, which spans 8,837 square feet, was leased by Commune Capital. The landlord, Selleck Development Group, facilitated the transaction. The lease was represented by Jared Smits and Grant Fulkerson of Lee & Associates. The asking rent for the property was $3 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not provided
- Address: 31248 Oak Crest Dr.
- Market: Conejo Valley
Jared Smits and Grant Fulkerson of Lee & Associates played a crucial role in representing Commune Capital throughout the leasing process.
Players
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