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Loramar Equities Acquires Westlake Village Office Asset For $2.7M

Property Image
SOLD
$2,700,000
Art Pfefferman
Bruce Frasco

California

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Office4 SF
Sold
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Property Image
SOLD

Loramar Equities Acquires Westlake Village Office Asset For $2.7M

530 Hampshire Road

See Similar Deals
Office4 SF
Sold
Art Pfefferman
Bruce Frasco
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$675000
Total Square Footage:4 SF
Transaction Type:Sale

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

Art Pfefferman
Coldwell Banker
Art Pfefferman
2 deals$7.2M volume
BROKER
Bruce Frasco
Pacific Partners Commercial
Bruce Frasco
1 deal$2.7M volume(818) 732-4123
BROKER

Details

SOLD
IMAGE: Arthur Pfefferman DATE: 04/10/2023 ADDRESS: 530 Hampshire Road MARKET: Westlake Village ASSET TYPE: Office ~ ACRES: 1.06 BUYER: Loramar Equities SELLER: Cancer Support Community BUYER'S REP: Bruce Frasco - Pacific Partners Commercial SELLER'S REP: Arthur Pfefferman - Coldwell Banker Commercial Quality Properties SALE PRICE: $2,700,000 SF: 4,000 ~ PPSF: $675

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$144,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
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