FAQ: Captiva Partners' $26.5 Million Industrial Portfolio Acquisition in Calabasas

What was acquired in this real estate transaction?

Captiva Partners acquired a six-building industrial portfolio totaling approximately 107,000 square feet on 8.6 acres in Calabasas, California for $26.5 million.

Who represented the buyer and seller in this transaction?

The Lee & Associates LA North/Ventura team of Principal Scott Caswell and Principal/Managing Director Erica Balin represented both the seller (Calabasas Investment Group and Craftsman Investment Group) and the buyer (Captiva Partners).

What are the specific locations of the acquired properties?

The properties are located at 23907–23947 Ventura Boulevard, 23930–23978 Craftsman Road, 5101–5111 and 5115 Douglas Fir Road, and 23961 Craftsman Road in Calabasas, California.

What makes this industrial portfolio particularly valuable?

This is the largest concentration of smaller space available in the Calabasas area, featuring 47 suites ranging from 1,300 to 5,200 square feet, functional layouts with rear bay loading doors, strong freeway access, and very stable tenancy with future growth opportunity.

What are Captiva Partners’ plans for the acquired properties?

Captiva Partners plans to invest in strategic upgrades to the buildings and continue providing high-quality space tailored to the needs of local businesses, as stated by Managing Partner Brian Abers.

Why is this transaction significant for the industrial real estate market?

The successful sale reflects strong interest from diverse buyers, indicating sustained appetite for quality small-bay, multi-tenant industrial assets and highlighting a competitive market optimistic about this asset class’s future.

What transportation advantages do these properties offer?

The portfolio is ideally located just minutes from the US 101 Freeway, providing convenient access to neighboring communities.

Who is Captiva Partners and what is their investment focus?

Captiva Partners is a real estate investment firm based in Southern California focused on acquiring, repositioning, and managing infill industrial properties across the Western United States.

What does this transaction indicate about the Los Angeles area industrial market?

This transaction confirms investment demand for small bay industrial properties in the Los Angeles area and demonstrates the market’s competitiveness and optimism for this asset class.