Calabasas Gardens

Location: Calabasas, CA
Type: Office
Price: $ 7,800,000

SMC’s $7,800,000 first mortgage loan refinanced the existing bank debt on a 96% occupied, 41,211 SF, Class B+, multi-tenant, suburban office property located in Calabasas, CA. The subject is located in the heart of old town Calabasas, directly adjacent from Calabasas Commons, and within close proximity to CA-101 freeway. Originally developed in 1973, renovated in 2007 and 2008, the subject benefits from a strong in-fill location nearby excellent demand generators, granular tenancy with over 30 tenants, and strong historical occupancy over the past 3 years.