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Matthew Miller Acquires Office Space In Calabasas, CA With Cresa And Laughlin Commercial Realty

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LEASED

California

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Office228,990 SF
Leased 06/04/2019
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LEASED

Matthew Miller Acquires Office Space In Calabasas, CA With Cresa And Laughlin Commercial Realty

26565 Agoura Rd, Calabasas, CA, 913...

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Office228,990 SF
Leased 06/04/2019
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:228,990 SF
Transaction Type:Lease

The property asset involved in this transaction is an office space located at 26565 Agoura Rd, Calabasas, CA. This asset encompasses a total square footage of 228,990 and forms part of the Corporate Center Calabasas, which houses multiple buildings. The ownership of the property is held by Majestic Asset Management, which acquired it for $53 million in September 2017.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Lease Date: 06/04/2019
  • Tenant's Representative: Matthew "Matt" Miller-Cresa, Matthew Perry-Miller - Laughlin Commercial Realty Group
  • Landlord: Majestic Asset Management
  • Square Feet: 228990
  • Market: Calabasas

The lease has been signed by Harbor Freight Tools for a term of 15 years, allowing the retailer to occupy a significant portion of the campus, approximately 70 percent. The transaction indicates Harbor Freight's relocation from its previous office at 26541 Agoura Road, showcasing the company's expansion within the area.

Players

Matthew (Matt) Miller
2 deals(817) 988-8215
BROKER


LANDLORD

Details

LEASED
IMAGE: 06/04/2019 ADDRESS: 26565 Agoura Rd, Calabasas, CA, 913... MARKET: Calabasas ASSET TYPE: Office TENANT'S REP: Matthew "Matt" Miller-Cresa, Matthew Perry-Miller - Laughlin Commercial Realty Group LANDLORD: Majestic Asset Management SQUARE FEET: 228990

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Deal Type
Effective Rent (Annual)

$13,125,568.62

Total Lease Value

$131,255,686.18

Net Landlord Cash Flow$13,125,568.62