Captiva Partners Acquires $26.5 Million Industrial Portfolio in Calabasas

Lee & Associates, the largest broker-owned commercial real estate firm in North America, has brokered the sale of a six-building industrial portfolio totaling approximately 107,000 square feet on 8.6 acres in Calabasas, California to Captiva Partners for $26.5 million. The transaction confirms investment demand for small bay industrial properties in the Los Angeles area, with the portfolio representing the largest concentration of smaller space available in the Calabasas area.

The portfolio consists of three separate projects with a total of 47 suites ranging in size from approximately 1,300 to 5,200 square feet, located at multiple addresses including 23907–23947 Ventura Boulevard and 23930–23978 Craftsman Road. Each building features functional layouts with rear bay loading doors and strong freeway access, positioned just minutes from the US 101 Freeway for convenient access to neighboring communities.

The Lee & Associates LA North/Ventura team of Principal Scott Caswell and Principal/Managing Director Erica Balin represented both the seller, Calabasas Investment Group and Craftsman Investment Group, as well as the buyer. Caswell noted that the well-maintained multi-tenant industrial portfolio offers very stable tenancy and future growth opportunity, making it an attractive investment in the current market environment.

Brian Abers, Managing Partner of Captiva Partners, expressed excitement about expanding their portfolio with this acquisition, stating plans to invest in strategic upgrades to the buildings while continuing to provide high-quality space tailored to the needs of local businesses. The transaction reflects Captiva Partners' focus on acquiring, repositioning, and managing infill industrial properties across the Western United States, as detailed on their website https://captivapartners.com.

Balin emphasized that the successful sale speaks volumes about the current state of industrial investment locally, regionally, and nationally. She reported strong interest from a wide array of buyers, reflecting a clear and sustained appetite for quality small-bay, multi-tenant industrial assets. The depth and diversity of interest highlight a market that remains competitive and optimistic about the future of this asset class, reinforcing trends observed across the commercial real estate sector.

The transaction underscores the continued strength of industrial real estate markets despite broader economic uncertainties, particularly for properties offering flexible space configurations and strategic locations. For more information about Lee & Associates' commercial real estate services, visit https://lee-associates.com.