Updated Sep 2, 2025
Brian Abers And Matt Nolan Of Captiva Partners Acquire Industrial Portfolio In Calabasas For $26.5M
23907 Ventura Boulevard
$26,500,000
$247/SF
Building Size
107,000 SF
Asset Type
Industrial
Closing
Aug 28, 2025
About this deal
AI
Captiva Partners acquired a six-building industrial portfolio located at 23907-23947 Ventura Boulevard, 23930-23978 Craftsman Road, 5101–5111, 5115 Douglas Fir Road & 23961 Craftsman Road in Calabasas. The portfolio encompasses 107,000 square feet across 8.6 acres and was purchased for $26.5 million, translating to a price per square foot of $248.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $26,500,000
- Square Footage: 107,000
- Location: Calabasas
- Price Per Square Foot: $248
- Buyer: Brian Abers & Matt Nolan - Captiva Partners
- Seller: Calabasas Investment Group; Craftsman Investment Group
- Brokers: Scott Caswell & Erica Balin - Lee & Associates
- Acres: 8.6
The transaction was facilitated by Scott Caswell and Erica Balin from Lee & Associates, who represented the buyer in the deal, which covers 47 suites across three projects. This deal showcases the ongoing investment activity in the Calabasas industrial market.
On the Map
$26,500,000
$247/SF
Industrial
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Players
Calabasas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93