The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
Agora Realty & Management Picks Up 34k sf Shopping Center in Thousand Oaks

3/01/19

Agora Realty & Management has acquired Office Depot Plaza, a 33.7k sf shopping center in Thousand Oaks, for $14.44 mil ($429/sf). The property is located at 11-25 E. Hillcrest, north of the 101 Fwy and just east of Moorpark Rd.

Major tenants located within the 96% occupied center include: Office Depot, Bank of the West, AT&T, Habit Restaurant and Wescom Credit Union. The property benefits from strong traffic counts of over 76,000 people within a three-mile radius, above average household income, a parking ratio exceeding 5.5/1000, credit tenancy and below market rents.

“This asset is a high-quality urban infill location with strong visibility and great value-add opportunity. We have a proactive upgrade planned and will aggressively market the vacant space as well as enhance property management,” said Agora CEO Cary J. Lefton. “This asset is indicative of the type of retail we like to acquire in that it is well located but needs repositioning to really enhance its tenancy and overall tenant and customer experience.”

To that end, Agora Realty will remodel the parking lot with new asphalt and striping, install new LED parking lot lights and upgrade the center’s landscaping. Since 1986 Agora Realty has acquired income-producing real estate assets throughout the Western US including California, Hawaii, Nevada, Washington and Colorado.






Return to the Archive page


 


 


 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media