Updated Sep 9, 2024
The Harkham Family Acquires Office On Townsgate Rd In Westlake Village For $35.1M
2625 Townsgate Rd, Thousand Oaks...
$35,100,000
$265/SF
Building Size
132,037 SF
Asset Type
Office
Closing
May 5, 2022
About this deal
AI
The office property located at 2625 Townsgate Rd, Thousand Oaks, in Westlake Village, has been sold for a price of $35,100,000.00. The property spans a total of 132,037 square feet.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $35,100,000.00
- Address: 2625 Townsgate Rd, Thousand Oaks
- Market: Westlake Village
- Buyer: The Harkham Family
- Buyer's Rep: Marc Schillinger(JLL)
The deal's key individuals involved in this transaction are Marc Schillinger from JLL, representing The Harkham Family as the buyers of the office property.
On the Map
$35,100,000
$265/SF
Office
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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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93