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.