September 10, 2019 Comments (0) Views: 227 California News, Los Angeles

Agora Realty Claims T.O. Office Asset; Kicks Off MOB Conversion

Los Angeles-based Agora Realty acquired a 16,200-square-foot property located at 248 Hampshire Rd. in Thousand Oaks, CA for $6.4 million. The vacant property had been home to a Chase Bank. Agora has already secured a new tenant, and now plans to redevelop the site for a single tenant Medical Office Building.

Agora Realty’s Aaron Lefton says, “This is our second acquisition in Thousand Oaks this year. It’s a great market. In particular, this property benefits from high visibility which is why it made an effective bank location, and now will be a fantastic location for a medical use.”

Agora plans to remodel the building, including an enhancement of the parking lot with new asphalt and striping, new LED parking lot lights, along with a full remodel of the interior.

CBRE’s Dan Riley represented the undisclosed sellers.

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