The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
April 5, 2020
 Search RENTV
   Go!
 Video Programs
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



HOME PAGE NEWS
Printer-friendly Version   Email an Associate
734k sf of Camarillo Industrial Space Goes for $88 Mil

2/24/20

Two free-standing industrial buildings totaling 733.8k sf of space in Camarillo sold for a combined price of $88 mil ($120/sf). The facilities were sold by STAG Industrial Inc, who acquired them in 2014 for $54.5 mil.

One of the buildings is located at 3001 Mission Oaks Blvd and totals 308.8k sf. The building features 28- to 30-foot clearance, 23 dock-high positions with the potential for 15 additional doors, a 14.5k sf office space, ESFR sprinklers and ample parking.

The other building, totaling 425k sf, is located at 3175 Mission Oaks Blvd and features 30- to 35-foot clear height, 31 dock-high loading doors, 19.7k sf of office space, ESFR sprinklers and parking.

John DeGrinis, Patrick DuRoss and Jeff Abraham with Newmark Knight Frank represented STAG, a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. DeGrinis, DuRoss and Abraham, along with NKF colleagues Kevin Shannon, Jim Linn, Bret Hardy and Andrew Briner repped the buyer, an undisclosed Southern California-based real estate investment and development company.

“We actively marketed this site to tenants and brokers throughout the Los Angeles region knowing that a project of this size is difficult to find anywhere in the basin,” noted DuRoss. “We had multiple offers on the buildings from distribution-related companies due to the property’s modern delivery features that are becoming increasingly difficult to find in the North LA market, which carries a 1.6% vacancy rate.”




Return to the previous page


 


 
 


 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2020 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media