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200 N Westlake BLVD, Thousa...

Omninet Capital Acquires Property From Topa Equities In Thousand Oaks For $55 Million
SOLDOffice

Omninet Capital Acquires Property From Topa Equities In Thousand Oaks For $55 Million

200 N Westlake BLVD, Thousand Oaks...

$55,000,000

$214/SF

Building Size

256,600 SF

Asset Type

Office

Closing

Jul 6, 2020

AI

The property asset located at 200 N Westlake BLVD, Thousand Oaks, in the Westlake Village market has been successfully sold for $55,000,000.00. This asset spans a total square footage of 256,600.

Summary of transation details:

  • Property Type: Sale
  • Transaction Amount: $55,000,000.00
  • Address: 200 N Westlake BLVD, Thousand Oaks
  • Market: Westlake Village
  • Seller: Topa Equities
  • Buyer: Omninet Capital
  • Seller's Representatives: Ken White (Newmark), Kevin Shannon (Newmark)

In this transaction, Topa Equities sold the property to Omninet Capital, represented by Ken White and Kevin Shannon from Newmark. These individuals played a pivotal role in facilitating the deal ensuring a smooth transaction process.

Players

Ken White

Newmark

Broker

$6.1B

vol

96 deals

Broker
OC
Omninet CapitalBuyer
TE
Topa EquitiesSeller

Westlake Village Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.29%

Cash-on-Cash

-0.08%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93