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Lee & Associates – LA North/Ventura Closes Large Office Sale in Conejo Valley

Posted in LinkedIn: 9/2/2022

By: Lee & Associates-LA North/Ventura, Inc.

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In a move that signals the continued activity in the Conejo Valley area office and R&D markets, Lee & Associates – LA North/Ventura Principals Jay Rubin and Jared Smits, negotiated the $19.275 million sale of a large office & R&D complex, 30601 Agoura Road, located in Agoura Hills. The building spans 118,864 square feet and includes a solar power plant and at the time of the sale, the property was 58 percent occupied. The buyer is Harbor Associates, represented by Mark Perry at CBRE and the seller is Adler Realty, represented by Rubin and Smits at Lee & Associates.

“This was an incredibly successful sale at a time when the market has been evolving rapidly in the Conejo Valley. We focus on tracking the current market trends in order to identify the right buyer. The Conejo Valley continues to be one of the most desirable suburban markets in the greater Los Angeles area.” -Principal Jay Rubin

Read more in the San Fernando Valley Business Journal here: