Harkham Family Acquires Westlake Village Office Building For $35.1M
2625 Townsgate Road, Westlake Village, California 91361, United States
$35,100,000
$265/SF
Building Size
132,037 SF
Asset Type
Office
Closing
Apr 25, 2022
AI
The office property located at 2625 Townsgate Road in Westlake Village has been sold in a transaction. The property spans a total of 132,037 square feet and is categorized as an office asset. The sale took place on April 26, 2022, and the property was purchased by the Harkham Family for a total price of $35,100,000, equating to a price per square foot of $265. The transaction involved the Westlake Corporate Center as the seller.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $35,100,000
- Square Footage: 132,037
- Price per Square Foot: $265
- Address: 2625 Townsgate Road
- Market: Westlake Village
The buyer's representatives in this deal were Marc Schillinger from JLL and Danny Lampert from Aviara Real Estate. They played a crucial role in facilitating the transaction on behalf of the Harkham Family.
Players
Thousand Oaks 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