Harbor Associates Acquires Encino, CA Office Campus for $48 Million
(MENAFN – PRLog) With a goal of acquiring more than $250 million in suburban Southern California commercial real estate assets in the next 12 months, Harbor Associates, LLC (“Harbor”) has acquired Encino Office Park, a four-building, 213,459-square-foot transit oriented office campus in Encino, CA for $47.85 million.
Located at 6345 Balboa Boulevard, Encino Office Park is adjacent to the Balboa station of the Orange Line transportation system that connects the property to Warner Center, Universal City and downtown Los Angeles. One of the only true campus environments in the submarket, Encino Office Park also benefits from direct access to Interstate 405 and its proximity to the 2,000-acre Sepulveda Basin Recreational Park. The property, which was 89% leased at closing, features 12-foot slab-to-slab ceiling heights, subterranean parking and offers unobstructed views of the Santa Monica Mountains.