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5155 Old Scandia Ln - Calabasas Pickleball Courts 53,000 SF Sports & Entertainment Building Offered at $10,000,000 at a 6% Cap Rate in Calabasas, CA 91302
INVESTMENT HIGHLIGHTS
- Generational 6+ Acre Site | Unaffected By LA Mansion Tax
- Near Top Grocery-Anchored Retail Centers | 8.3M+ Annual Visits
- Top Residential & Retail Market | Affluent Hidden Hills Community |101 Freeway (192,000 VPD) | Strong Trade Area Demographics
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the generational opportunity to acquire the fee simple interest (land & building ownership) in the Calabasas Pickleball Club 15 year sale-leaseback investment property. The offering includes 6+ acres in the highly sought-after city of Calabasas, California. The site borders the Hidden Hills community, the most exclusive gated residential area in Los Angeles County boasting an average home value exceeding $5M (per Zillow), and a long list of exceptionally wealthy and high-profile residents. The tenant receives a significant amount of consumer traffic and membership from the adjacent Hidden Hills community, the city of Calabasas, and its proximity to downtown Los Angeles. The surrounding trade area features over 183,800 residents and 111,200 employees within a 5-mile radius, and an average household income of $258,046 within 1-mile, providing a direct, affluent consumer base from which to draw.
PROPERTY FACTS
| Price | $10,000,000 | Building Class | A |
| Price Per SF | $188.68 | Lot Size | 6.22 AC |
| Sale Type | Investment | Building Size | 53,000 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Sports & Entertainment | Year Built/Renovated | 1981/2024 |
| Zoning | Commercial Recreational - (Contact agent for further details on future zoning) | ||
| Price | $10,000,000 |
| Price Per SF | $188.68 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Sports & Entertainment |
| Building Class | A |
| Lot Size | 6.22 AC |
| Building Size | 53,000 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1981/2024 |
| Zoning | Commercial Recreational - (Contact agent for further details on future zoning) |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $204,000 | |
| Land Assessment | $6,018,000 | Total Assessment | $6,222,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$6,018,000
Improvements Assessment
$204,000
Total Assessment
$6,222,000
CONTACTS
-
Patrick Luther -
Matthew Mousavi -
Terrison Quinn -
Daniel Richman -
SRS National Net Lease
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5155 Old Scandia Ln - Calabasas Pickleball Courts
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