Cerro, Mission Viejo - ISA
27401 Los Altos, Mission Viejo, CA, 92691-6316, US
6 639 mètres carrés
Description de l'actif
JLL, as exclusive advisor, is pleased to offer to qualified investors an opportunity to acquire the 100% fee simple interest in the Agoura Hills Business Park (the "Property"), a 116,280 RSF recently renovated office campus located in Agoura Hills, CA.
The asset has shown an outstanding resilience to the pandemic and is anchored by a rapidly growing Life Science tenant, A2 Biotherapeutics. Agoura Hills Business Park is strategically positioned to capitalize on the Conejo Valley's life science boom. Currently 66% leased with a 2.1 Year WALT, the Property's existing infrastructure, coupled with the opportunity for targeted conversion, makes it an ideal candidate to attract tenants in this high-growth sector. The strong market fundamentals, driven by increasing demand and limited supply, translate to significant potential for rent growth and long-term value appreciation.
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Attributs
Superficie du bâtiment nette
10 803 mètres carrés
Occupation
66 %
Année de construction
1987
Superficie du terrain nette
2,51 ha
WAULT
2.1 années
Média
Points forts de l'investissement
Located in Los Angeles’ most established life science cluster
- The Conejo Valley has emerged as a thriving hub for the life science industry, evidenced by over 153,000 square feet of leasing activity in the past three years alone. Over a dozen life science companies have taken root in the Conejo Valley over the last five years including Atara Biotherapeutics, Capsida Biotherapeutics and Latigo Biotherapeutics.
Potential to convert traditional suites to lab space
- Current tenant A2 Biotherapeutics has already doubled its footprint, showcasing the Property’s appeal to life science tenants in a high-demand, supply-constrained market. A2 has also recently signed a 75K RSF lease next door to the Properties, solidifying their commitment to the Conejo Valley.
Business-friendly Agoura Hills location
- Distinguished by its business-friendly policies, Agoura Hills attracts companies seeking a dynamic location free from the gross receipts tax imposed by the City of Los Angeles.
Decreasing office supply
- 15,000 acres of office in the Conejo Valley has been repurposed for open space, recreation, and residential uses, creating a tighter market and enhancing the value of remaining commercial properties.
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Agoura Hills Business Park (0 Propriétés)
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Dernière mise à jour
22 janv. 2025
