Agoura Hills Business Park_Property for Sale

30401 Agoura Rd, Agoura Hills, CA, 91301-2084, US

Agoura Hills Business Park

Asset description

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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Attributes

Building area net

10,803 sm

Occupancy

66%

Year built

1987

Land area net

2.51 ha

WAULT

2.1 years

Media

Investment highlights

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.