This Office Property is Off-Market.

26050 Mureau Road
Calabasas, CA 91302 ·

46,884 SF · Office For Sale

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Office Property For Sale

Price N/A Building Class B
Building Size 46,884 SF Tenancy Multiple
Property Type Office Year Built 1997
Property Sub-type
Office Building
More...
  • Office-Business Park
Lot Size 69,219 SF
Property Use Type Investment APN / Parcel ID 2052034015
Cap Rate 9.40% Parking Ratio 3 / 1,000 SF
No. Stories 2
Listing ID: 17989563 Date Created: 01/19/2013 Last Updated: 10/08/2013

Description

The Property is a two-story, Class B, office building containing 46,844± Rentable square feet of building on the site. The Property consists of the Fee Simple Interest in land and building. The construction is pre-cast concrete, steel frame, with tinted glass windows. The exterior is painted white. There are 163± on-site surface parking spaces, including Handicap (3.00:1,000 SF). The parking is stripped asphalt. The parcel contains 69,219±- square feet of land (1.58± acres). The site is extensively landscaped. The building was built in 1997.

Although the property is fully leased, this may be a potential Owner/User opportunity if existing tenant(s) reduce their space needs or do not renew. Two of the tenants to not have an Option to Renew

The Property is located on Mureau Road, east of Las Virgenes Road, in the City of Calabasas, and within the Calabasas Commerce Center. The Calabasas Commerce Center is an extensive business park development of quality office buildings that are leased to major corporation.

The Property is just north of the Ventura Freeway (101), and is reached by the Las Virgenes Road exit (on and off ramp).

Highlights

  • Fully leased to four tenants, but a possible Owner/User opportunity for some of the existing space.
  • 78% of the space is leased to credit tenants, including an international company that is publically traded.
  • 88% of the space has Options to Renew.
  • Excellent freeway access (on and off ramp) to east and west travel.
  • Upscale market demographics.
  • Professionally managed and in excellent condition.

Research

26050 Mureau Road, Calabasas, CA 91302 (Los Angeles County)

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