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31225 La Baya Drive

La Baya Holdings Acquires Office Building In Conejo Valley For $7.35M
SOLDOffice

La Baya Holdings Acquires Office Building In Conejo Valley For $7.35M

31225 La Baya Drive

$7,350,000

$158/SF

Building Size

46,411 SF

Asset Type

Office

Closing

Jul 18, 2022

AI

The recently closed property transaction in Conejo Valley involved an office asset located at 31225 La Baya Dr. The property spans a total area of 46,411 square feet. La Baya Holdings, represented by Eric Alden, acquired the property for a sale price of $7,350,000 from the Haggar Group, represented by Chad Haggar. The transaction was facilitated by brokers Jonathan Bruce and Jared Smits.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $7,350,000
  • Square Feet: 46,411
  • Buyer: La Baya Holdings - Eric Alden
  • Seller: Haggar Group - Chad Haggar
  • Brokers: Jonathan Bruce & Jared Smits

Eric Alden, representing La Baya Holdings, successfully secured the acquisition of the office property located at 31225 La Baya Dr. This transaction marks an important milestone for both the buyer and the seller, as it represents a significant investment in the Conejo Valley real estate market. The property offers ample space for various office purposes and is expected to contribute to the buyer's portfolio. With the assistance of brokers Jonathan Bruce and Jared Smits, the deal was successfully closed, demonstrating their expertise in facilitating property transactions.

Players

Jonathan Bruce

Lee & Associates

Broker

$35.7M

vol

3 deals

Broker

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

2.16%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93