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29607 Agoura Road, Agoura H...

Updated Oct 28, 2024

Agoura Landmark LP Sells Industrial Property In Agoura Hills For $28.4M
SOLDIndustrial

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

Mike Tingus

Lee & Associates

Broker

$297M

vol

24 deals

Broker

Agoura Hills Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $450 per square foot on a published $28.4M for 63,051 square feet (2021).

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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

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