Omninet Capital Acquires Office Buildings In Westlake Village For $55M
2801 Townsgate Rd, Westlake Village, CA, USA
$55,000,000
$207/SF
Building Size
265,602 SF
Asset Type
Office
Closing
Jun 30, 2020
AI
Omninet Capital has acquired the office buildings located at 2801 and 2815 Townsgate Rd, as well as 100 and 200 N. Westlake Blvd in Westlake Village. The transaction was completed on July 1, 2020. The properties have a combined square footage of 265,602 and were purchased from Topa Equities for a total price of $55,000,000, resulting in a price per square foot of $207.08.
Summary of transation details
- Property Type: Office
- Transaction Amount: $55,000,000
- Address: 2801 & 2815 Townsgate Rd, 100 & 200 N. Westlake Blvd, Westlake Village
- Square Footage: 265,602
- Buyer: Omninet Capital
- Seller: Topa Equities
- Brokers: Sean Fulp, Ryan Plummer, Mark Schuessler, Ryan Tetrault
The transaction involved the representation of Sean Fulp, Ryan Plummer, Mark Schuessler, and Ryan Tetrault from DataToDeals. These key individuals and companies played a pivotal role in facilitating the deal.
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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93