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Thursday, Nov 30, 2023

Agoura Hills Office Campus Sells for $18.5 Million

Platinum Court, a two-building suburban office campus in Agoura Hills, has sold for $18.5 million, according to Calabasas-based brokerage Marcus & Millichap Inc.

The property at 30101 Agoura Court has 100,081 square feet of space with upgraded flooring and lighting. Historically, its suites have an occupancy rate of 95 percent.

The sale price equates to $185 per square foot.

The property was sold to LIA Associates by Institutional Property Advisors, a subsidiary of Marcus & Millichap. IPA Executive Director Ben Tashakorian and Marcus & Millichap’s James DeBuiser, Gary Cohen and Ali Valiahdi represented the seller, MAK Management.

“Both buildings are highly desirable, boutique offices that are well suited for the current office workplace environment by their suburban location, multiple entry points and lobbies with elevators for private suite access,” Tashakorian said in a statement.

Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert
Katherine Tangalakis-Lippert is a Los Angeles-based reporter covering retail, hospitality and philanthropy for the San Fernando Valley Business Journal. In addition to her current beat, she is particularly interested in criminal justice topics, health and science stories and investigative journalism. She received her AA in Humanities from Moorpark College in 2016, her BA in Communication from Cal Lutheran University in 2019 and followed it up with a MA in Specialized Journalism from USC in the summer of 2020. Through her work, Katherine aspires to help strengthen the fragile trust between members of the media and the public.

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