Comment

Comment by Kimshai S. Hooks on January 14, 2019 at 2:34am

EXECUTIVE SUMMARY
CBRE, Inc., as exclusive agent, is pleased to present an opportunity to acquire
18 newly constructed townhome style apartment units in the desirable Agoura
Hills submarket. Located on Chesebro Road at Palo Comado Canyon Road,
the units are designed to condominium standards with elegant finishes. Each
unit feels like a home with private two-car attached garages. The community
offers such amenities as beautiful outdoor barbecue entertainment areas, a
hot tub spa, and a dog run. The three-level townhome units are comprised
in eight duplex and triplex buildings. The property received its Certificate of
Occupancy in March 2018 and is currently in its lease-up phase.

Situated at the northern edge of the Santa Monica Mountains and the southern
edge of the Simi Hills, the City of Agoura Hills is a quiet, family-oriented
community. Served by the highly regarded Las Virgenes Unified School District,
Agoura Hills is among the most coveted areas to live in the United States and
is listed as one of “SafeWise 50 Safest Cities.” The City is located just a short
drive from the booming commercial areas and nightlife of Los Angeles, the
thriving business districts and attractions of Warner Center, and the worldrenowned beaches and wineries of Malibu.

The Property is located in the Historic Quarter neighborhood of Agoura
Hills, a high barrier to entry submarket. Agoura Hills boasts outstanding
demographics, with an average household income of over $180,000, a highly
educated populace and a vacancy rate of only 3.1%.

Price: $12,500,000

Comment by Kimshai S. Hooks on January 14, 2019 at 2:30am