Drawbridge Realty Acquires Westlake Village Office Building For $69M

The property involved in this transaction is an office located at 31303 Agoura Road in Westlake Village. The property has a total square footage of 254,000 and was sold for a price of $69,000,000. The price per square foot was $271. The seller of the property was Strategic Office Partners (TPG Real Estate) and the buyer was Drawbridge Realty represented by Chris Elmendorf.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $69,000,000
• Address: 31303 Agoura Road, Westlake Village
• Square Footage: 254,000
• Price per Square Foot: $271
• Seller: Strategic Office Partners (TPG Real Estate)
• Buyer: Drawbridge Realty - Chris Elmendorf

The deal was finalized on February 27, 2020, with Drawbridge Realty, represented by Chris Elmendorf, acquiring the office property from Strategic Office Partners. This transaction highlights the active real estate market in Westlake Village, with the property being sold at a significant price of $69,000,000.