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Harbor Associates & Gemdale USA Acquires Office In Agoura Hills For $29.7M

Property Image
SOLD
$29,700,000
Chad Solomon
Matt McRoskey
Andrew Harper
+ 1

California

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Office113,991 SF
Sold 03/17/2022
the dealplayerscompscontact
Property Image
SOLD

Harbor Associates & Gemdale USA Acquires Office In Agoura Hills For $29.7M

30401 Agoura Road, Agoura Hills, California 91301, United States

See Similar Deals
Office113,991 SF
Sold 03/17/2022
Chad Solomon
Matt McRoskey
Andrew Harper
+ 1
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$260
Total Square Footage:113,991 SF
Transaction Type:Sale

The property involved in this closed transaction is an office located at 30401-30501 Agoura Road in Agoura Hills. The property spans 6 acres and has a total square footage of 113,991. The transaction took place on March 17, 2022.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $29,700,000
  • Address: 30401-30501 Agoura Road, Agoura Hills
  • Market: Agoura Hills
  • Acres: 6

The buyer of the property is Harbor Associates and Gemdale USA. The transaction was facilitated by Andrew Harper, Will Poulsen, Matt McRoskey, and Chad Solomon from JLL. The sale price for the property was $29,700,000, resulting in a price per square foot of $260.

Players

Will Poulsen
JLL
Will Poulsen
14 deals$701.5M volume
BROKER
Andrew Harper
JLL
Andrew Harper
15 deals$1B volume
BROKER
Matt McRoskey
JLL
Matt McRoskey
9 deals$682.4M volume
BROKER
Chad Solomon
JLL
Chad Solomon
7 deals$201.6M volume
BROKER
Harbor Associates
Harbor Associates
BUYER
Gemdale USA
Gemdale USA
BUYER

Details

SOLD
IMAGE: Andrew Harper, Will Poulsen, Matt McRoskey & Chad Solomon DATE: 03/17/2022 ADDRESS: 30401–30501 Agoura Road MARKET: Agoura Hills ASSET TYPE: Office ~ ACRES: 6 BUYER: Harbor Associates & Gemdale USA BROKERS: Andrew Harper, Will Poulsen, Matt McRoskey & Chad Solomon - JLL SALE PRICE: $29,700,000 SF: 113,991 ~ PPSF: $260

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,584,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$105,517.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$140,793.15
Annual Debt Service$1,689,517.83