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7/23/14
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In a recent office comp from the west San Fernando Valley, Majestic Asset Management Inc and JS/JS Properties Inc acquired the Warner De Soto Office Building. The 53.4k sf building is on over 2.9 acres at 5955 De Soto Av, at the corner with Oxnard.
At the time of acquisition, the property was over 95% leased and anchored by credit tenants the University of Phoenix and Accredited Nursing. Warner Center is a 1,100-acre master-planned community that has continued to evolve into one of the most important business areas and work environments in Los Angeles with benefits such as excellent access to skilled labor, easy access to freeways and a variety of amenities.
This deal represents the sixth property acquired by the Majestic/JS joint venture. Majestic is a full service investment and property management company located in Van Nuys.
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