Week Of Feb 13 Office Market Newsletter

PACIFIC BRIDGE TEAM – MARKET NEWS


Latest Allen Matkins/UCLA Anderson Forecast Commercial Real Estate Survey Results Reveal Positive Outlook For California

There has been no significant shift in the economy related to the election results and the commercial real estate cycle has continued to run its regular course, according to the Winter/Spring 2017 Allen Matkins/UCLA Anderson Forecast released early February.

Billions in Commercial Mortgages From 2007 Lending Boom to Mature This Year 

There are billions in commercial mortgages set to mature this year that were left over from the 2007 lending boom.


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 Rd.
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

 

21255 Burbank Blvd (2 properties)
Woodland Hills, CA 91367
Sale Price: $146,313,500
Price/SF: $287.22
RBA: 509,408 SF
Property Type: Office


4333 Park Terrace Dr (5 properties)
Westlake Village, CA 91361
Sale Price: $23,100,000
Price/SF: $194.85
RBA: 118,555 SF
Property Type: Office


26745 Malibu Hills Rd (2 properties)
Calabasas, CA 91301
Sale Price: $13,200,000
Price/SF: $185.47
RBA: 71,172 SF
Property Type: Office


22900 Ventura Blvd
Woodland Court
Woodland Hills, CA 91364
Sale Price: $7,050,000
Price/SF: $198.12
RBA: 35,584 SF
Property Type: Office


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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