Calabasas Office Campus Sells For $78M
A Calabasas Class-A office campus has traded for $78M.
“Calabasas Park Centre’s stabilized in-place cash flow, amenity access, construction quality and strong historical asset performance drove significant investor interest,” Moll said in a news release.
Built in phases in 2000 and 2001 by Kilroy, the Calabasas Park Centre is a three-building, 225,340 SF Class-A office campus adjacent to the Commons at Calabasas retail center.
The campus consists of two four-story and one two-story office buildings. The Calabasas Park Centre is 96% occupied with 38 existing tenants.
CORRECTION, JAN. 8, 6:50 P.M. PT: A previous version of this story misstated which brokers were not disclosed. The story has been updated.