DJM Commercial Real Estate Represented Firm to Buy an Office Building in Agoura Hills Below Comps

David Massie, President of DJM Commercial Real Estate, recently represented a CPA firm to buy an office/medical building in Agoura Hills, CA for a price below the latest comps.

Originally, David’s client only wanted to lease until David showed him the property which had just been listed that same day.  The CPA client agreed it was too good of a value to pass up and was a better value than leasing.

The sales market in southern CA where David’s primary market is very hot with many more buyers than sellers right now and it is a good time to sell because of this so it’s harder to find a good buy like David did for his client here.  Getting to properties fast for David’s clients is very important and he is usually able to show them the properties the same day they were listed and many times even before they are listed.

If you want creative ideas on how to buy or sell your next office, medical, retail, industrial or other commercial building for more, please contact David at david@djmcre.com or call him at 805-217-0791.

Agoura Hills City Mall Retail Spaces for Lease!

If you have a retail business, including a restaurant, and would like to join existing successful tenants with a great location, this is a great opportunity for you! The Agoura Hills City Mall currently has openings for new retail spaces. Most recently, there is new restaurant space available at what is now a current Pizza Hut and a new location for a smoothie / yogurt / coffee or dessert location available!

A few of the already established and thriving businesses in this shopping center include: Agoura’s Famous Deli, Vincitori, Sushi Wasabi, Maral Cuisine, Citibank, Kanan Pharmacy, California Dance Theatre, I Love Kickboxing, Journey Martial Arts, Agoura Mexican Café and more!

The landlord has agreed to give a reasonable amount of time for you to construct your retail space, without having to pay rent! This location comes with a new common area, improvements and renovations. Some of the spaces have outdoor patios. The space is great, but the location is truly what can’t be beat.

The Agoura Hills City Mall is adjacent to two major retail centers anchored by large grocery and drug stores. The location also includes great signage that is visible from Kanan Road. It’s located on Kanan Road near Thousand Oaks Boulevard. This is a main and busy intersection that’s less than one mile north of the Ventura Freeway (101) on Kanan Road for easy access! For those that don’t know, Kanan Road is the main road in Agoura Hills linking to the Ventura (101) Freeway. The shopping mall is centered in an area with great demographics; there are over 100,000 people in a 5 mile radius. Click here for more property listing details and additional photos.

Contact us today for more information about introducing your business to this busy retail center with great traffic from local residents as well as the nearby schools! 805-217-0791 or david@djmcre.com

Conejo Valley Restaurant Updates March 24, 2015

The restaurant activity in the Conejo Valley continues to move at a very fast pace with high demand for restaurant spaces and not much supply as compared to previous years.

Here is the latest movement in the restaurant world of Conjeo Valley:

The Counter in Westlake Village near Lure Fish House just closed its doors for good at this location.  No new restaurant has been slated yet to replace them so stay tuned.  But Barone’s Pizzeria is slated to open soon in the location just to the left of the old Counter location and I hear good things about Barone’s.

Coco’s in Calabasas off Las Virgenes Road has also shut its doors and this space is now available for lease.  Rumor has it that Buffalo Wild Wings might be leasing the space.

Wolf Creek also closed its doors in Calabasas so this doesn’t bode well for that center which already lost The Village Fish Market which has been closed since 2013.

In Oak Park, Nicos has closed down and will be replaced by Charhouse Barbecue Restaurant.  In the same center, Margaritas Mexican Grill just opened recently and replaced Cigale Cafe and the former Starbucks location is now becoming a smoothie/coffee/juice type business.  The Fresh & Easy market just shut its doors in the shopping center across the street where Starbucks relocated to and the Fresh & Easy space is a big hole to fill which won’t be easy to do.

Plata Mexican food at the Whizins Market Square in Agoura Hills is now open in the former Latigo Kid location so they join Hugos, Tifa Gelato and Chocolate, and Wood Ranch at this center.

Gippinos  restaurant, with an existing location in Moorpark,  is going to replace Vittelo’s Restaurant in Westlake Village this summer.

Stay tuned for the next restaurant update soon!

 

 

New Restaurants Coming Soon To Westlake Village, Agoura Hills And Oak Park!

Below is the latest list of new restaurants that are reportedly coming soon to Westlake Village, Agoura Hills and Oak Park:

New Agoura Hills Restaurants:

Padri located at 29002 Agoura Rd has an offer to purchase it and ,if the sale is completed, will remain with a similar use and probably the same name just new owners, remodel, and a changed up menu.

Isabellas located at 29020 Agoura Rd in the same retail center as Padri above will have a new owner/tenant and it’s yet to seen what type of restaurant it will become and when it will open. Owner is reported to be Russian and might bring something new and different but with a healthy bent.  Check back here for more updates soon regarding exact restaurant name, type of food and opening date.

New Oak Park Restaurant:

Cigale located at 702 Lindero Canyon Rd is going to be become a Mexican restaurant called Margarita Mexican Grill.  Check back here for more updates soon regarding when it is opening.

New Westlake Village Restaurant:

Urban Pizza is going to open its doors in the previous Qdoba space at the North Ranch Mall anchored by Trader Joes.  Check back here for more updates soon regarding when it is opening.

 

 

 

 

 

Restaurant News for Agoura Hills and Westlake

Westlake Village: The Old Plug Nickel location (now a wine tasting bar called Cuvee Terrace) in WLV is being sold and leased to one of my clients that has a couple of very high end successful Italian restaurants in other cities.

The vacant space in the same center as Lure Seafood just past The Counter location has signed a lease for a New Zealand Pacific Rim type restaurant called Aroha that is one of my clients.  In the old 90210 Pho location in this center to the left of The Counter, a new restaurant called Kaze which somehow fuzes Japanese and Italian foods together signed a lease.

In Agoura Hills, Vincitori Italian (owns Spumoni in NP also and replaced China Star here)  just opened up recently in the Agoura Hills City Mall where the Agoura’s Famous Deli is and there will also be a new Kosher Israeli restaurant opening in the next couple of months just to the left of this Deli.  I am involved in both of these deals.

Padri’s will be opening up a high end Mexican restaurant in the Whizzins Center where Latigo Kid used to be in the next couple of months.  Latigo relocated to the old Alamo location in the Vons anchored center at Kanan and Thousand Oaks Blvd. in Agoura Hills.

Calabasas: The old Red Robins in Calabasas is being leased by the Agoura Famous Deli owner and it’s yet to been seen what it will become.

Westlake Village: The Gelsons/Sprouts/Vons center in WLV (all owned by one owner) is performing a 25-million dollar renovation and is going to not only remodel but also build new buildings in some of the parking areas as well as try to connect all 3 different plazas into one.  New restaurants/food uses coming here are:  Leilas (rumor only, not confirmed), Mendocino Farms, Pitfire Artisan Pizza, Le pain Quotidien, Pressed Juicery and Firefly.   And here is what the new plaza will look like with a list of current and new tenants:   http://s.lnimg.com/attachments/52094D72-3578-4790-A932-A1142E78AB9C.pdf.

Besides me representing Tifa Chocolate and Gelato for a potential second location at the new Target center in WLV called The Shoppes at Westlake, here is what else is going on at this center:

Target is under construction with a July 25, 2014, grand opening date and they own their land.  The goal is to get all other Tenants open on or around this date, with the exception of buildings B and E, which will be later phases delivered in September.

Here is a website link that will show you a site plan for each building so you can see where each tenant is going in this new center.

Building J – In N Out

Building G

  • Suite A:  Hook Burger
  • Suite B:  Negotiating with several food users
  • Suite C:  In Leases with a sit-down seafood restaurant
  • Suite D:  In Leases with a dessert tenant

Building F

  • Suite A:  In Leases with a sub sandwich tenant
  • Suite B:  Greens Up!
  • Suite C:  Olio E Limone Ristorante
  • Suite D:  Olio E Limone Pizzeria & Enoteca

Building C

  • Suite G:  Los Agaves
  • Suite F:  All Tressed Up (blow dry bar, also offers make-up application)
  • Suite E:  In Leases with a wireless tenant
  • Suite D:  Endless Beauty (high end beauty supply)
  • Suite B & C:  Salon suites tenant (haircut and color services)
  • Suite A:  BCBC Nail Salon

Building D

  • Suite A:  Negotiating with sushi concept
  • Suite B:  Negotiating with women’s apparel
  • Suite C:  Negotiating with a jewelry store
  • Suite D:  Negotiating with a home goods boutique
  • Suite E & F: In leases with a men’s clothing store and children’s concept, but may relocate both users to accommodate a microbrewery we are negotiating with
  • Suite G:  Jeannine’s Marketplace

Building B (this is a second phase of the project, which will be delivered in September)

  • Suite H: Tilly’s
  • Suites A, B and a portion of C: Medical Use

Building E (this is a second phase of the project, which will be delivered in September)

  • We have a lease out for signature with a 1,000 SF user, however.  Will have several food and retail tenants.