Park Granada, Calabasas
- Address: 4764-4768 Park Granada, Calabasas, CA
- Building Area: 40,794 SF
- Land Area: 68,825 SF
- Occupancy: 85%
- Year Built: 1984
- Sales prise – $11,000,000
- Prise/SF – $269,65
- Cap Rate – 4.01%
The owners had grown tired of giving the time and money required for managing this office building, which had deferred maintenance and required substantial upgrades. The Pacific Bridge Team helped the owners recognize their opportunity to sell the property at a premium cap rate due to the market climate and its pristine location. The seller wanted a less management-intensive property, but with higher cash fiow.
The property consisted of three buildings on three separate parcels, an attractive opportunity that the buyer recognized. He then sold the buildings off individually at a premium.
The Pacific Bridge Teams process began with fully marketing the property to the entire brokerage community and local buyer pool, allowing as many qualified buyers as possible to see the property. The Team’s marketing focused on an email campaign, a series of print ads and post cards, and cold-calling strategies.