facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

California

/

Office

/

Lease

/

26565 Agoura Rd, Calabasas,...

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

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

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

Building Size

228,990 SF

Asset Type

Office

Closing

Jun 4, 2019

AI

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 Miller

Cresa

Broker

2 deals

Broker
MM
Majestic Asset ManagementLandlord

Calabasas Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93