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Colliers is pleased to present the opportunity to acquire the fee simple interest in The Heritage Building (the “Property”), a 67,331-square-foot office building in Agoura Hills, California. Currently 52% leased, the Property offers a compelling owner/user or investment opportunity in the heart of the Conejo Valley 101 Technology Corridor, with in-place cash flow supporting near-term stability and flexible vacancy allowing for a customized corporate footprint in a premier location.
Located at the intersection of Agoura Hills and Westlake Village, the Property sits within the highly desirable Conejo Valley submarket, which has observed only 1,900 square feet of new office deliveries in the past 7 years. With vacancy under 13% and no new development on the horizon, investors can benefit from strong market fundamentals, rising demand, and constrained supply conditions that are favorable to rent growth and occupancy gains.
Strategically positioned along the 101 Technology Corridor, the Property benefits from access to a deep labor pool and proximity to over 200 innovation-driven companies in technology, life sciences, and defense. The surrounding area boasts median household incomes exceeding $150,000, top-rated public schools, and immediate access to premier amenities including luxury hotels, retail destinations, and recreational offerings—further enhancing its appeal to both businesses and employees.
With its combination of stable in-place income, strategic vacancy, and exceptional location within a high-barrier-to-entry submarket, The Heritage Building represents a rare opportunity for an investor or user to acquire a high-quality asset positioned for both immediate utility and long-term value creation.
