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Harbor Associates Acquires Office Building On Agoura Rd. In Conejo Valley For $19.3M

Property Image
SOLD
$19,275,000
Jared Smits
Michael Adler
+ 1

California

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Office118,864 SF
Sold 07/27/2022
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Property Image
SOLD

Harbor Associates Acquires Office Building On Agoura Rd. In Conejo Valley For $19.3M

30601 Agoura Road

See Similar Deals
Office118,864 SF
Sold 07/27/2022
Jared Smits
Michael Adler
+ 1
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$162
Total Square Footage:118,864 SF
Transaction Type:Sale

Harbor Associates, represented by Paul Miszkowicz, has acquired an office property located at 30601 Agoura Rd. in Conejo Valley. The property spans across a total of 118,864 square feet and was sold by Adler Realty, with Michael Adler acting as the seller. The transaction took place on July 27, 2022, for a total sale price of $19,275,000. The price per square foot for the property was $162.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $19,275,000
  • Square Footage: 118,864
  • Price Per Square Foot: $162
  • Date: July 27, 2022
  • Address: 30601 Agoura Rd.
  • Market: Conejo Valley

The deal was facilitated by brokers Jared Smits and Jay Rubin, representing Lee & Associates. Their role in the transaction was to assist the buyer, Harbor Associates, in the acquisition of the property from the seller, Adler Realty. Jared Smits and Jay Rubin played a crucial role in connecting the parties involved and ensuring a successful completion of the deal.

Players

Jared Smits
10 deals$66.5M volume
BROKER

Jay Rubin
Lee & Associates
8 deals$77.1M volume
BROKER

Paul Miszkowicz
Harbor Associates
6 deals$155.2M volume
BUYER

Michael Adler
5 deals$44.4M volume
SELLER

Details

SOLD
IMAGE: Jared Smits & Jay Rubin DATE: 07/27/2022 ADDRESS: 30601 Agoura Rd. MARKET: Conejo Valley ASSET TYPE: Office BUYER: Harbor Associates - Paul Miszkowicz SELLER: Adler Realty - Michael Adler BROKERS: Jared Smits (@JSmits58) & Jay Rubin (@JayRubinRE) - Lee & Associates SALE PRICE: $19,275,000 SF: 118,864 ~ PPSF: $162

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

$1,027,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$68,480.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,373.33
Annual Debt Service$1,096,480.00