AGOURA HILLS, CA - - WA new, fully-occupied Class A office
building with extensive Interstate 101 visibility within the "technology
corridor" in Agoura Hills, CA has been acquired by Pacifica Real Estate Group of
Santa Barbara, CA for $12.7 million, transaction officials announce.
Tony Principe, executive
vice president of Westlake Village, CA-based Westcord Commercial Real Estate Services,
reports that Pacifica Real Estate Group acquired the distinctive earth-toned two-story,
65,823 sq. ft. office building situated on 3.5 acres at 30301 Agoura Rd., immediately
south of Interstate 101.
Principe represented
Pacifica Real Estate Group. David Corsello, Keith Green and Michael Foxworthy of GVA
DAUM represented Katell Investment Company LLC, the developer and seller of the property.
Pacifica Real Estate Group,
which also has offices in Santa Maria, CA, Westlake Village and Orange County, is a
full-service, diversified company offering expertise to investors in the acquisition,
development, brokerage, and management of real property.
Established in 1969,
Pacifica and its affiliates have sponsored over 120 limited partnerships, and have
developed and/or acquired several thousand residential units, and numerous commercial
properties and hotels throughout the Western United States.
The two-year-old Agoura
Hills office building, set in an inviting campus environment, is occupied by Kennedy
Western University, with 34,191 sq. ft., and Employers Insurance Co., which occupies the
balance. Both have long-term leases.
One of the newest office
buildings in the Agoura area, the Agoura Road building is distinguished by a staggered
exterior marked by such architectural elements as steel overhangs, granite wall accents,
parapets, and a dramatic steel sculpture at the entrance. Also featured are
integrated balconies and terraces, T1 and fiber optics, and abundant, four-to-one free
parking.
Westcord is one of the Los
Angeles area's top 25 commercial real estate companies with offices in Westlake Village,
CA, and Van Nuys, CA. |
