Updated Feb 16, 2024
Cantor Commercial Real Estate Provides $31M Loan For Retail Property In Westlake Village And Aliso Viejo
5752 Lindero Canyon Road, Westlake Village, CA, USA
$31,000,000
$417/SF
Building Size
74,200 SF
Asset Type
Retail
Closing
Jan 7, 2020
About this deal
AI
Two retail properties located at 5752 Lindero Canyon Road and 26852 La Paz Road have recently been involved in a loan transaction. The properties are situated in Westlake Village and Aliso Viejo markets respectively. The loan, valued at $31,000,000, was provided by Cantor Commercial Real Estate (CCRE) and has a term of 10 years. The total square footage of the properties is 74,200 and 35,800 square feet.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $31,000,000
- Address: 5752 Lindero Canyon Road, Westlake Village
- Address: 26852 La Paz Road, Aliso Viejo
- Market: Westlake Village, Aliso Viejo
The loan was facilitated by Paul Vanderslice and David Pike from Cantor Commercial Real Estate (CCRE). The landlord of the properties is Jeffrey G. Wood. The loan transaction was assisted by CBRE brokers Sharon Kline and Marina Massari.
Players
Westlake Village Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.51%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93