A building at Corporate Center Calabasas has sold for $11 million, brokerage CBRE Group Inc. announced Tuesday.
CBRE’s Michael Slater, Tom Dwyer and Mike Longo represented the seller, Majestic Asset Management of Agoura Hills. Thousand Oaks-based Westcord Commercial Real Estate Services represented the undisclosed buyer, a real estate investment firm based in Westlake Village.
Located at 26565-26707 W. Agoura Road in Calabasas, Corporate Center Calabasas consists of six office buildings ranging from 21,000 to 70,000 square feet. According to CoStar, the three-story building, built in 1990, has 23,626 square feet for lease at $28.80 per square foot.
Majestic will upgrade the premises to include modern amenities such as a tenant-exclusive gym, a restaurant and outdoor collaboration spaces.
The transaction marks the second sale on the six-building campus this year. In February, CBRE facilitated the sale of another Majestic building for nearly $9 million to a local private investor.