Captiva Partners Acquires $27M Calabasas Industrial Portfolio

Los Angeles-based real estate firm Captiva Partners has made a big move in the industrial market with their recent acquisition of a three-property portfolio in Calabasas for $26.5 million. The portfolio, which includes six industrial buildings, was sold by Calabasas Investment Group and Craftsman Investment Group, and boasts a total of 107,000 square feet and 47 leased suites. Each building features rear bay loading doors and functional layouts, making it an attractive investment for multiple industrial tenants.

The properties, located at 23907–23947 Ventura Boulevard, 23930–23978 Craftsman Road, and 5101–5111 and 5115 Douglas Fir Road, are strategically situated in the Los Angeles suburb of Calabasas. This prime location offers easy access to major highways and a desirable business environment, making it a hotspot for commercial real estate.

Despite the high price tag, Captiva Partners saw the potential in this portfolio and seized the opportunity to expand their presence in the industrial market. According to a spokesperson from Captiva Partners, "This acquisition aligns with our strategy of acquiring well-located, quality industrial properties with strong tenant demand."

While the sale of this portfolio is a lucrative deal for all parties involved, it also highlights the growing demand for industrial space in the Calabasas area. With a high occupancy rate and attractive features, this portfolio is sure to be a successful investment for Captiva Partners.

Originally reported by The Real Deal