Captiva Partners Acquires $26.5M Calabasas Industrial Portfolio

Lee & Associates, the largest broker-owned commercial real estate firm in North America, has successfully brokered the $26.5 million sale of a significant industrial portfolio in Calabasas, California to Captiva Partners. The transaction involved a six-building industrial complex totaling approximately 107,000 square feet on 8.6 acres, consisting of 47 suites ranging from 1,300 to 5,200 square feet across three separate projects. The properties, strategically located near the US 101 Freeway, feature functional layouts with rear bay loading doors and represent the largest concentration of smaller industrial space available in the Calabasas area.

The deal was facilitated by Lee & Associates' LA North/Ventura team led by Principal Scott Caswell and Principal/Managing Director Erica Balin, who represented both the seller (Calabasas Investment Group and Craftsman Investment Group) and the buyer. Caswell emphasized the portfolio's well-maintained condition, stable tenancy, and future growth opportunities, while Brian Abers, Managing Partner of Captiva Partners, expressed excitement about expanding their portfolio and plans to invest in strategic upgrades to continue providing high-quality space for local businesses. Balin noted the strong interest from diverse buyers, reflecting sustained appetite for quality small-bay, multi-tenant industrial assets in the current market.

This transaction underscores the robust investment demand for small bay industrial properties in the Los Angeles area, with the successful sale highlighting the competitive and optimistic market conditions for this asset class both locally and nationally. The portfolio's prime location minutes from major freeway access enhances its appeal to businesses seeking convenient logistics and distribution capabilities in the thriving Southern California market.