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2801 Townsgate Rd, Westlake...

Omninet Capital Acquires Office Buildings In Westlake Village For $55M
SOLDOffice

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

Mark Schuessler

Colliers

Broker

$1.3B

vol

37 deals

Broker
OC
Omninet CapitalBuyer
TE
Topa EquitiesSeller

Thousand Oaks Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

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