Week of Feb 1 Office Market Newsletter

PACIFIC BRIDGE TEAM – MARKET NEWS


Calabasas Mixed-Use- Property Sale to Chinese Medical Business Yields Record $569.68 PSF by SVN’s Pacific Bridge Team

The property was acquired by a Chinese-owned company to offer medical care to Chinese cancer patients.

Prosperity continues in 2017, but the cycle is heading toward a fall

The upward momentum that commercial real estate prices and values have been experiencing has recently slowed. Given the challenges in today’s world and the many dynamics affecting commercial real estate, the economy, and the financial markets, it is time to fully understand the next phase of the current market cycle.

Foreign Capital Continues To Flood Into L.A.

Over the last five years, foreign investors have acquired $9.7 billion in Los Angeles office properties, and JLL’s Tom Bohlinger says that interest will remain strong for years to come.


Featured Current Opportunities

 

825 – 849 N Lake Ave, Pasadena, CA 91104

Sale Price: $3,250,000

Cap Rate: 5.4%

RBA: 10,825 SF

Building Type: Retail

Download OM


925 Broadbeck Drive, Newbury Park, CA 91320

Sale Price: $5,900,000

RBA: 17,000 SF

Building Type: Retail

Year Built: 2005

Download OM


102 N. Jack Tone Road, Ripon, CA 95366

Sale Price: $6,295,000

Cap Rate: 5.2%

RBA: 14,739 SF

Building Type: Absolute NNN Retail

Year Built: 2006


20631 Ventura Boulevard, Woodland Hills, CA 91364

Sale Price: $5,700,000

RBA: 22,966 SF

Building Type: Office

Year Built: 1982


Recent Local Sales

 

24100 Calabasas Rd, Calabasas, CA 91302

Sale Price: $8,200,000

Price/SF: $569.68

RBA: 14,394 SF

Year Built: 2007


141 Triunfo Canyon Rd, Westlake Village, CA 91361

Sale Price: $5,300,000

Price/SF: $276.04

RBA: 19,200 SF

Year Built: 1970


6200 Canoga Ave, Woodland Hills, CA 91367

Sale Price: $22,000,000

Price/SF: $211.04

RBA: 104,244 SF

Year Built: 1978


Any property listed here as “On Market” may not have been a listing with SVN – Rich Investment Real or an SVN Advisor. Any property listed here as “Recent Local Sales” may not have had participation of SVN – Rich Investment Real or an SVN Advisor. The material contained in this email is furnished solely for the purpose of education about current market conditions. Neither SVN – Rich Investment Real Estate Partners nor any SVN Advisor make any representation or warranty, express or implied, as to the accuracy or completeness of the information contained herein, and nothing contained herein is or shall be relied upon as a promise or representation as to the future performance of any investment. Please note that all SVN® offices are independently owned and operated.

 

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