Sold – 3 Class B Office buildings in Calabasas – total size of 40,794 SF
- SALE PRICE: $11,000,000
- SALE DATE: 6/15/2007
- CAP RATE: 3.68%
- BUILDING SIZE: 40,794 sf in 3 buildings
- PROPERTY TYPE: Office
- LOT SIZE: 1.58 Acres
- 1031 exchange sale
- Portfolio of 3 office buildings
Park Granada Center is a beautifully maintained three building office park located in the heart of Calabasas. The buildings are located directly across the street from the high-end Calabasas Commons retail center.
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.