Updated Oct 28, 2024
Agoura Landmark LP Sells Industrial Property In Agoura Hills For $28.4M
29607 Agoura Road, Agoura Hills, CA, USA
$28,383,465
$450/SF
Building Size
63,051 SF
Asset Type
Industrial
Closing
Apr 29, 2021
About this deal
AI
Located in Agoura Hills, the property at 29607-29635 Agoura Road has been sold in a recent transaction. With a total of 24 units, the industrial asset spans across a spacious 63,051 square feet. The property was sold by Agoura Landmark L.P. to an undisclosed buyer for a sale price of $28,383,465. The asking price was set at $30,711,710, indicating a successful negotiation. The per unit price for this property stands at $1,182,644, while the price per square foot is $450.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $28,383,465
- Asking Price: $30,711,710
- Units: 24
- Price Per Unit: $1,182,644
- Square Footage: 63,051
- Price Per Square Foot: $450
The successful sale of this property was facilitated by Grant Fulkerson from SIOR and Mike Tingus, both experienced brokers and representatives in the deal. Their expertise and negotiation skills have proven invaluable in finalizing this transaction. Additional details about the buyer and further parties involved have not been disclosed at this time.
Players
Agoura Hills 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93