Updated Oct 29, 2024
Loramar Equities Acquires Westlake Village Office Asset For $2.7M
530 Hampshire Road
$2,700,000
$675,000/SF
Building Size
4 SF
Asset Type
Office
Closing
Apr 9, 2023
About this deal
AI
The office property located at 530 Hampshire Road in Westlake Village has been sold. The property covers an area of 1.06 acres and is situated in the Westlake Village market.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $2,700,000
- Size: 4,000 square feet
- Price per Square Foot: $675
- Address: 530 Hampshire Road
- Market: Westlake Village
Loramar Equities has purchased the property from Cancer Support Community. Representing the buyer, Loramar Equities, is Bruce Frasco from Pacific Partners Commercial. Arthur Pfefferman from Coldwell Banker Commercial Quality Properties acted as the seller's representative.
Players
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93