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120 S Via Merida Thousand O...

Updated Oct 25, 2024

Graymark Capital And Argosy Real Estate Partners Acquire Westlake Village Office Building For $18M
SOLDOffice

Graymark Capital And Argosy Real Estate Partners Acquire Westlake Village Office Building For $18M

120 S Via Merida Thousand Oaks, CA 91362, USA

$18,000,000

$180/SF

Building Size

100,000 SF

Asset Type

Office

Closing

Sep 5, 2023

About this deal

AI

The 100,000-square-foot Westlake Labs campus located at 120 Via Merida in Westlake Village has been sold to Graymark Capital, Inc. and Argosy Real Estate Partners for a total of $18 million. This office property transaction aims to contribute to the growing Conejo Valley life science hub by adding 35,000 square feet of lab and office space. The deal is expected to benefit various life science companies in the region, including startups and established enterprises.

Summary of Transaction Details:

  • Property Type: Office
  • Transaction Amount: $18,000,000
  • Square Footage: 100,000 SF
  • Price Per Square Foot: $180
  • Address: 120 Via Merida, Westlake Village
  • Market: Westlake Village

The notable individuals and companies involved in this deal are Brian Hecktman and David Butler from Graymark Capital, Inc. and Argosy Real Estate Partners. The brokers who facilitated the transaction were Mike Longo, Sean Sullivan, and Todd Tydlaska from CBRE. Their expertise and negotiation skills played a crucial role in the successful completion of this sale.

On the Map

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$18,000,000

$180/SF

Office

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Players

Michael Longo

CBRE

Broker

$1.9B

vol

34 deals

Broker
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Westlake Village Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $180 per square foot on a published $18M for 100,000 square feet (2023).

Visit Todd Tydlaska to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.88%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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