Ferrucci Properties Acquires Retail Property In Westlake For $22.5M
SOLD
$22,525,000
California
See Similar DealsRetail50,242 SF
Sold 03/05/2021
SOLD
Ferrucci Properties Acquires Retail Property In Westlake For $22.5M
5770 Lindero Canyon Rd, Westlake Village, CA, USA
See Similar DealsRetail50,242 SF
Sold 03/05/2021
Summary
CALIFORNIA
Asset Type:Retail
Price Per Square Foot:$448
Total Square Footage:50,242 SF
Transaction Type:Sale
Ferrucci Properties has acquired a retail property located at 5770 Lindero Canyon Rd. in Westlake. The transaction was facilitated by broker Lior Regenstreif, representing the buyer. Fourth Street Venture LP acted as the seller in the deal.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $22,525,000
- Square Footage: 50,242
- Price Per Square Foot: $448
- Address: 5770 Lindero Canyon Rd.
- Market: Westlake
The retail property at 5770 Lindero Canyon Rd. offers a total of 50,242 square feet of space and was sold for a price of $22,525,000, resulting in a price per square foot of $448. Lior Regenstreif, from the Ferrucci Properties Agency, represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,201,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$80,026.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,779.99
Annual Debt Service$1,281,359.90
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