Updated Dec 21, 2023
Brandon Michaels Sells Office Building In Westlake Village For $3.65M
5707 Corsa Ave, Westlake Village, CA 91362, USA
$3,650,000
$165/SF
Building Size
22,068 SF
Asset Type
Office
Closing
Sep 22, 2020
About this deal
AI
The property involved in this closed transaction is an office space located at 5707 Corsa Avenue in Westlake Village. The property spans a total area of 22,068 square feet and was sold for a price of $3,650,000. The sale price per square foot (PPSF) amounts to $165.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $3,650,000
- Address: 5707 Corsa Avenue
- Market: Westlake Village
- SF: 22,068
- PPSF: $165
The transaction was facilitated by Brandon Michaels from an undisclosed agency. He acted as the broker in this deal, representing either the buyer or the seller.
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
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93