The Plaza At Calabasas, LLC Acquires Mixed-Use Property On Agoura Road For $12.73M

A mixed-use property located at 26500-26510 Agoura Road in Calabasas, California, has been sold for a price of $12,725,000. This asset encompasses a total area of 42,546 square feet, translating to a price per square foot of $299. The property was reported to be 64% occupied at the time of the sale, reflecting a value-add opportunity for leasing vacant spaces in a lucrative trade area.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $12,725,000
• Address: 26500-26510 Agoura Road
• Market: Calabasas, CA
• Square Footage: 42,546
• Price per Square Foot: $299
• Buyer: The Plaza at Calabasas, LLC
• Broker: Hanley Investment Group

The buyer, a local private investor identified as The Plaza at Calabasas, LLC, was supported financially by Bank of America for the transaction. The deal was facilitated by Hanley Investment Group, which sourced the opportunity focused on enhancing the leasing potential of the property.