Updated Oct 29, 2024
Ferrucci Properties Acquires Retail Property In Westlake For $22.5M
5770 Lindero Canyon Rd, Westlake Village, CA, USA
$22,525,000
$448/SF
Building Size
50,242 SF
Asset Type
Retail
Closing
Mar 4, 2021
About this deal
AI
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.
On the Map
$22,525,000
$448/SF
Retail
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Westlake Village Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.70%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93