Updated Oct 13, 2026
Majestic Asset Management & The Johnston Group Acquire Office Building In Westlake Village For $18.25M
2829 Townsgate Road, Westlake Village, California, USA
$18,250,000
$217/SF
Building Size
84,098 SF
Asset Type
Office
Closing
May 28, 2019
About this deal
AI
The office building located at 2829 Townsgate Road in Westlake Village, CA has been sold for $18,250,000. Spanning across 84,098 square feet, the property has been purchased by Majestic Asset Management and The Johnston Group. The seller of the building was Kilroy Realty Corporation. The transaction was facilitated by Mark Schuessler, Ryan Plummer, and Sean Fulp from the Shannon Private Capital Group.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $18,250,000
- Square Footage: 84,098
- Market: Westlake Village
- City: Los Angeles
This sale represents NKF Private Capital Group's second transaction in the past 18 months on Townsgate Road. Notably, in February 2018, NKF completed a $23.3 million office sale for The Blackstone Group at 2535-2555 Townsgate Road, which was purchased by Majestic Asset Management and The Johnston Group as well.
On the Map
$18,250,000
$217/SF
Office
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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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93