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29209 Canwood Street - Canwood Corporate Center - Phase III, Agoura Hills, CA

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29209 Canwood Street - Canwood Corporate Center - Phase III

Agoura Hills, CA 91301 - Calabasas/Westlake Vill Submarket


Property Type:Office Sub Type:- Status:Existing Year Built:2008
Stories:2 Typical Floor:10,502 SF Building Size:21,004 SF
% Leased:
For Sale Price:$4,750,000 Price/SF:$226.15
Cap Rate:7.79 %
Smallest Space:3,506 SF Largest Space:3,506 SF Total Space Avail:3,506 SF Rent/SF/Yr:
$26.40
Parking:81 Surface spaces are available; Ratio of 3.85/1,000 SF


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
3,506 SF
$26.40/SF/Yr
Vacant
Negotiable
Office
 
11177787
Floor Plan
  
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
3,506 SF
$26.40/SF/Yr
Vacant
Negotiable
Office
Canwood Corporate Center III, LLC is an office building located on a 2.1 acre site. The building consists of two stories built in 2008 for a total square footage of 21,004 RSF. It measures 172 feet wide by 83 feet deep, allowing for optimal window line and floor area efficiency. Situated at the intersection of Kanan Road and the 101 Freeway, this asset sits within one of the most prominent and affluent suburban office markets in the country

Sale Notes:
29209 Canwood Street in Agoura Hills is a 21,004 square foot, two-story Class B office building and is the newest building to be constructed (2008) in the three building Canwood Corporate Center. This well-maintained office building is in the heart of Agoura Hills, within a block of the Kanan Road on/off ramps to U.S. Highway 101 (Ventura Freeway). The asset is virtually management free with just four tenant spaces in the building and only one 3,500 SF space available for lease. Altogether, the property is 80% occupied by Novastor Corporation, who develops and markets backup software and data protection solutions; Uncle Milton, Industries, Inc. who manufactures and sells educational science and nature toys and who was the originator of the Ant Farm; and Whiting-Turner Contracting who provides construction management, general contracting, and design/build services, primarily for large commercial, institutional, and infrastructure projects throughout the United States.

The asset is an ideal opportunity for an investor or an owner/user.
The City of Agoura Hills, situated in the heart of the Conejo Valley, has experienced sustained growth over the past two decades with companies migrating from the greater Los Angeles area in search of a better quality of life, lower costs of conducting business (no gross receipts business tax), cleaner air, safe suburban neighborhoods, top-flight primary and secondary public schools, and access to a highly-educated labor pool from five nearby major universities.

From an investment standpoint, new commercial projects in the Conejo Valley are limited due to a huge barrier to entry because of a lack of developable land coupled with very difficult and lengthy entitlement processes in Agoura Hills and the neighboring cities of Calabasas, Thousand Oaks and Westlake Village.

DAUM Commercial Real Estate Services
Craig Cahow
(818) 887-3600 x1637

  
DAUM Commercial Real Estate Services
Michael D Foxworthy, Sr.
(805) 384-8830


FOR LEASE CONTACTS
DAUM Commercial Real Estate Services


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