Agoura Hills, Calif., Sept. 16, 2010 – Colliers International, the second largest real estate services organization globally, has directed the sale of two office buildings totaling 24,838 square feet in Agoura Hills, Calif., for a combined $4.1 million.
In the first transaction, Agoura Hills-based Aspen Environmental Group, an environmental consulting firm, purchased a 14,000-square-foot office building located at 5020 Chesebro Rd., (top left photo) Bldg. 8 in Agoura Hills for $2.3 million.
Jeff Albee, (top right photo) senior vice president, and Jeff Gould (middle left photo), senior associate, both in Colliers’ Encino office, represented the buyer in the transaction. The seller WA Real Estate LLC, was represented by Andrew Harper and Michael Ross of Grubb & Ellis.
“The property was recently foreclosed on and bank owned at the time of sale. Qualified buyers can find some great opportunities in today’s market,” said Albee.In the second transaction, Woodlands Hills, Calif.-based Global Marketing Partners, a distributor and incubator of emerging technology vendors, purchased a 10,838-square-foot office building located at 28038 Dorothy Dr. in Agoura Hills for $1.8 million.
Albee and Gould, along with Chris Itule (lower right photo), senior associate in Colliers’ Encino office, represented the seller, Robert Meyerson Co. Trust, in the transaction. The buyer was represented by Rick Dearson of Cresa Partners.
“Our marketing efforts generated multiple offers for this property, resulting in a sale price of $166 per square foot,” said Gould.
A key driver for the buyers of both properties was the available financing from the Small Business Administration (SBA), according to Gould. Each of the buyers secured 90 percent financing with low interest rates from the SBA.
Megan Morales
Marketing & PR Coordinator
949 724 5537
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