This property is Off-Market
4766 Park Granada
Calabasas, CA 91302 ·
16,816 SF · Office For Sale
4766 Park Granada
|Building Size||16,816 SF||Building Class||B|
|Property Sub-type||Office Building||Year Built||1978|
|Property Use Type||Investment|
|Listing ID: 14851877||Date Created: 10/23/2006||Last Updated: 06/20/2007|
4766 Park Granada is an approximately 16,816 SF multi-tenant office building that is separately paceled and offered as an investment or a potential owner/user property. This building can be purchased separately or in conjunction with Park Granada Center which encompasses three buildings totalling 40,200 SF. All three buildings offer huge rental upside as a small investment.
Due to the central location of these properties and the high demand for office space in Calabasas, this office park has consistently maintained strong historical occupancy figures. In addition, the new investor will notice immediate value upside by providing more efficient management for the building. There is also ability to add future value to the building due to below market rents and smaller suites which have the new owner will have the ability to achieve higher rates.
Calabasas is a thriving community located in the southwest corner of the San Fernando Valley. This up-scale family community has experienced tremendous growth in recent years and is considered one of the best places to live in Los Angeles County.
Recent developments such as the Calabasas Commons, a high-end retail development, have also revitalized the community and attracted new residents and businesses to the city in recent years. The project is situated between two redone clover leaf off-ramps; Parkway Calabasas & Mulholland Drive.
Immediately contiguous to this office park is the Calabasas Inn which is currently in the approval stages for a large scale commercial and residential development on over 5 Acres of land.
- Located Next to Caruso's Calabasas Commons
- Immediate Upside Potential- Management & Rents
- Owner/User Potential
- The Calabasas Office market has 3% vacancy
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