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August 10, 2020
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VENTURA COUNTY NEWS
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Thousand Oaks Flex Comp Trades at $111/sf

8/18/14

A vacant 36k sf flex property in Thousand Oaks sold for $4 mil, or around $111/sf. The property was in foreclosure by Bank of America.

Built in 2003, the asset is located at 2610 Conejo Spectrum, within a master-planned, 100-acre business park and near the 101 and 23 freeways. It has approximately 8.5k sf of office space with the balance being open warehouse.

John Anthony and Chris Steck with Charles Dunn Company represented the receiver in the sale of the property. David Parker of Chase Partners LTD repped his investment group in the acquisition of the property.

“The new ownership is already in negotiations with several tenants,” said Anthony. “With the strong demand for this type of space in a quality building within this submarket, the expectation is to have the property leased very soon.”





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