facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Sale

/

5601 Lindero Canyon Road, W...

Garden Communities Acquires Office Building In Westlake Village For $32M
SOLDOffice

Garden Communities Acquires Office Building In Westlake Village For $32M

5601 Lindero Canyon Road, Westlake Village, California 91362, United States

$32,000,000

$275/SF

Building Size

116,000 SF

Asset Type

Office

Closing

Mar 3, 2022

AI

The office property located at 5601 Lindero Canyon Road in Westlake Village has been sold for a total price of $32,000,000. The transaction was completed on 03/04/2022. The property spans 116,000 square feet, resulting in a price per square foot of $275. The buyer of the property is Garden Communities, while the seller is EQ Office - Lisa Picard.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $32,000,000
  • Address: 5601 Lindero Canyon Road
  • Market: Westlake Village
  • Square Footage: 116,000
  • Price Per Square Foot: $275
  • Date: 03/04/2022

Lisa Picard, representing EQ Office, facilitated the sale of the property to Garden Communities. The transaction marks an important milestone for both parties involved.

Players

GC
Garden CommunitiesBuyer
EO
EQ OfficeSeller

Westlake Village 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

0.50%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93