TriStar Realty Group Acquires Office Building In Thousand Oaks From Colony Capital & SteelWave For $21.6M

A 158,885 square foot office property located at 225 W. Hillcrest Drive in Thousand Oaks has been sold for a price of $21,600,000. The property was acquired by TriStar Realty Group from Colony Capital and SteelWave. The transaction took place on April 3, 2020. The office asset is situated in the Thousand Oaks market and has a price per square foot of $135.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $21,600,000
• Address: 225 W. Hillcrest Drive, Thousand Oaks
• Market: Thousand Oaks
• Buyer: TriStar Realty Group
• Seller: Colony Capital & SteelWave
• Buyer's Representative: John LaSpada - CBRE
• Seller's Representative: Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, Sean Fulp, Ryan Plummer & Mark Schuessler - NKF
• Square Footage: 158,885
• Price per Square Foot: $135

The sale of the office property at 225 W. Hillcrest Drive in Thousand Oaks was facilitated by John LaSpada of CBRE on behalf of the buyer, TriStar Realty Group. The seller, Colony Capital and SteelWave, was represented by Kevin Shannon, Ken White, Rob Hannan, Laura Stumm, Sean Fulp, Ryan Plummer, and Mark Schuessler from NKF.