Dear Interested Party:

We are pleased to exclusively represent the Successor Agency to the Agoura Hills Redevelopment Agency in the sale of one of the area’s most prominent available Business Park Zoned land parcels within the Ventura Freeway Technological Corridor. This offering is caused by the collapse of Redevelopment Districts by the State of California.

Location
The 4.66 acre parcel is located in the city of Agoura Hills and the county of Los Angeles. The parcel is located on the North side of the Ventura Freeway (US 101) and has 250 feet of frontage on the North side of Canwood. Canwood Street is a frontage Road to the North side of the Freeway. It is positioned centrally between the US 101 off ramps of Kanan Road to the West and Chesebro Road to the East. Kanan Road is a main arterial from the Ventura Freeway to the Pacific Coast Highway, the ocean community of Malibu, and others.

Neighbors
The property is surrounded by high quality new development, with existing freeway oriented office, industrial, retail, hospitality and multifamily residential projects. Projects include: Trader Joes, Homewood Suites Hotel, Reeds Furniture, the City of Agoura Hills Post Office, Agoura Business Center, The Shops at Oak Creek Retail Center, NW Rugs and the Agoura Design Center (with Ethan Alan, Sit N Sleep and others). It is bound to the East by the Poe Development’s successful low vacancy 500,000 sf Agoura Hills Business Park and to the West by another multi-tenant 103,000 sf Business Park, soon to be constructed by the Poe Development Company.

Zoning
The property is zoned BP-M-FC (Business Park-Manufacturing-Freeway Corridor). The zoning allows a broad band of uses including, but not limited to, office, research and development, light industrial, senior residential projects, theatres, restaurants and many more. All uses will minimally require a development permit or a conditional use permit. Additionally the prominence of the site warrants the Scenic Corridor designation giving the City of Agoura Hills broad discretion of the architecture, placement and development of the parcel.

Prior to the City acquisition in 2007 the former owners were approached by self-storage developers which caused the ownership to investigate the possibility of self-storage. Their homework suggested the parcel could have substantial value as a multi-use self-storage project even though the city had placed a restriction in the zone to preclude self-storage development. New apartments were being developed less than one block to the West and a new senior’s residential complex was being completed two blocks to the East. In 2005 they presented a project for pre-screen to the City Council and received a unanimous recommendation from the Council to proceed in the process of revising the zoning prohibition. Later, the City encouraged the family to pursue a Condition Use Permit “CUP”, which would not require a rezone.
Recent developments within the Agoura Hills portion of the US 101 Corridor include: a new home for the Agoura Hills Park and Recreation District, the 44 acre headquarters campus for the Conrad Hilton Foundation, the Ridge which is a high quality 60,000+ SF office condominium facility By Scheu Development, the Hampton Inn Suites and many others.

Offering
Subject property is valued at $2,950,000 and is offered exclusively for sale by NAI Capital through the agency of Jack Dwyer, CCIM

Offer Procedure
All proposed Buyers who wish to submit an offer are requested to submit on the Standard Offer, Agreement and Escrow Instructions for Vacant Land form as published by the American Industrial Real Estate Association (AIR) form with transmittal letter Buyer’s on letterhead. All Buyers are required to provide clear verifiable documentation of their financial capacity to complete the transaction as proposed. Additionally, a brief biography of the Buyer with transactional documentation in the discipline of intended development is a required inclusion.

Property Specifics

Assessor’s Parcel
Los Angeles County Assessor’s Parcel 2048-012-025

Parcel Area
The parcel area is approximately 4.66 acres.

Reports
The Seller will provide an older soils report, a 2008 Phase I environmental and 2008 Phase II environmental report. No other reports will be provided.

Available Review Materials
In Addition to the materials furnished in this package, the brokers will have the following additional documents available as electronic files:

• Demographic Studies
• An unrecorded Boundary survey
• Preliminary Title Report
• City Zoning Use Matrix

Please call the undersigned for further information.