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April 21, 2018
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Cabot Properties Buys 96k sf Simi Valley Facility


Cabot Properties has acquired a 96.9k sf industrial building in Simi Valley as a leased-investment property. Located at 3850 Royal Ave, the building is 50% leased to Bellami Hair LLC, a worldwide shipper and supplier of hair products and beauty supplies used by hair salons, spas and other beauty-related companies around the world.

John DeGrinis, SIOR, Patrick DuRoss, SIOR, and Jeff Abraham, SIOR, with Colliers International represented Cabot in the transaction. The seller was Pacific Equities of Los Angeles.

“The 47.7k sf vacant portion of the building is where Cabot has a chance to really add value,” said DuRoss. “The space has a 17k sf office mezzanine that presents challenges for most users in today’s market. Cabot is planning on contributing significant capital towards demolishing the mezzanine, adding functional loading and upgrading the image of the building to accommodate the bulk of today’s tenant demand.”

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