5126 & 5142 Clareton Dr.
Agoura Hills, CA
Sale Price: $17,700,000
Size: 210,000 SF
Majestic Asset Management, Inc. has sold the remaining two of the four buildings in the Agoura Hills creative flex campus it remodeled after buying the park two years ago.
Majestic Asset Management shed 5126 & 5142 Clareton Drive within Tech Park @ Canwood for $17.7 million. The buyer was an undisclosed private investor, according to Ron Feder, managing director of KW Commercial Calabasas, who represented the investor in the deal. Last year Majestic Asset Management sold the same Buyer 5136 and 5155 Clareton Drive for $10,250,000, exiting the Tech Park @ Canwood for a total of $27,950,000.
The two properties were 100 percent occupied at the time of the sale, according to Feder. They total about 80,390 square feet, which the balance of the park, that totaled 120,000 square feet.
Majestic bought the office/industrial campus two years for $21 million when it was named Canwood Business Park. The company remodeled it with modern drought tolerant landscaping and an outdoor gathering area, and rebranded it Tech Park @ Canwood to attract companies that prefer modern working environments.