Captiva Partners Acquires $26.5 Million Industrial Portfolio in Calabasas
Captiva Partners' $26.5 million acquisition of a six-building industrial portfolio in Calabasas demonstrates sustained investor demand for small-bay industrial properties and highlights the competitive market for quality multi-tenant industrial assets.
Captiva Partners has acquired a six-building industrial portfolio totaling approximately 107,000 square feet on 8.6 acres in Calabasas, California, for $26.5 million, in a transaction brokered by Lee & Associates. The portfolio consists of three separate projects with 47 suites ranging from approximately 1,300 to 5,200 square feet, located at multiple addresses including 23907–23947 Ventura Boulevard and 23930–23978 Craftsman Road.
The acquisition underscores the strong investment demand for small-bay industrial properties in the Los Angeles area, particularly those with stable tenancy and growth potential. Each building features functional layouts with rear bay loading doors and strong freeway access, positioned minutes from the US 101 Freeway for convenient access to neighboring communities.
Scott Caswell, Principal at Lee & Associates, described the portfolio as "the largest concentration of smaller space available in the Calabasas area offering very stable tenancy and future growth opportunity." The Lee & Associates team represented both the seller, Calabasas Investment Group and Craftsman Investment Group, and the buyer in the transaction.
Brian Abers, Managing Partner of Captiva Partners, stated, "Captiva Partners is excited to expand our portfolio with this acquisition. We plan to invest in strategic upgrades to the buildings and continue providing high-quality space tailored to the needs of local businesses." The firm focuses on acquiring, repositioning, and managing infill industrial properties across the Western United States.
Erica Balin, Principal/Managing Director at Lee & Associates, emphasized the broader market implications, noting that "The successful sale of this industrial portfolio speaks volumes about the current state of industrial investment—locally, regionally, and nationally. We experienced strong interest from a wide array of buyers, reflecting a clear and sustained appetite for quality small-bay, multi-tenant industrial assets."
The transaction demonstrates the continued competitiveness and optimism in the industrial real estate market, particularly for well-located properties with functional layouts and transportation access. For more information about Lee & Associates, visit https://lee-associates.com.