| Lompoc Industrial Facility Sells for over $3 Mil
A two-story, 56.6k sf multi-functional industrial building in Lompoc has sold for $3.1 mil, or $55/sf. The property is located at 1641 West Central Ave in Lompoc, in an area designated for permitted commercial cannabis activi...
| Bascom Pays $75 Mil for 235 Res Units in Oxnard
The Bascom Group LLC has acquired Tempo at Riverpark Apartments, a 235-unit infill apartment property in Oxnard, for $75.25 mil ($320k/unit). The complex is located at 450 Forest Park Blvd, just east of Hwy 101.
Built in 201...
| Penwood Real Estate Investment Management Buys 347k sf Conejo Valley Facility from Majestic Asset Management
In a significant industrial sales comp out of the Conejo Valley, Penwood Real Estate Investment Management paid $44.05 mil for a 100% leased, multi-tenant 347.1k sf ($127/sf) building located in the master-planned Conejo Spec...
| Ventura Warehouse Property Acquired in $7.8 Mil Transaction
A 142.6k sf warehouse in Ventura sold for $7.8 mil, or around $55/sf. The property is located at 6205 Ventura Blvd, just east of Victoria Ave.
The property is a multi-tenant, four-building industrial warehouse distribution f...
| Felton Properties Pays $47 Mil for Office Campus in Thousand Oaks
Felton Properties paid $47 mil for The Arbors, a newly renovated, 275.5k sf, office campus in Thousand Oaks. The four-building asset is 71% occupied by three tenants including Skyworks Solutions, Frontier Communications and Z...
| Johnston Group and Majestic Asset Management Buy 94k sf Office Asset in Thousand Oaks
Westlake Gardens, a two-building, 94.2k sf office complex in Thousand Oaks, was acquired by a partnership between Johnston Group and Majestic Asset Management. The price was not disclosed.
Built in 1999, Westlake Gardens is ...
| Former Amgen Corp HQ in Thousand Oaks Trades in $23 Mil Transaction
A joint venture between Harbor Associates LLC and Blue Vista Capital Management has acquired Conejo Corporate Campus, a 198.5k sf office campus in Thousand Oaks, in a recent deal said to be worth about $23 mil. The two-buildi...
| Westlake Village Office Property Trades
TH Real Estate purchased a 132.9k sf, Class A office building in Westlake Village. The price was not disclosed. The property, located at 30700 Russell Ranch Rd, sits on an 8.72-acre site between the 101 Fwy and Thousand Oaks ...
| Davlyn Investments Picks Up 88-Unit Res Asset in Simi Valley in $24 Mil Deal
In Simi Valley, Davlyn Investments bought Colony, an 88-unit, luxury, Class A multi-family community, in a $24.25 mil ($275.5k/unit) transaction. Colony will be rebranded “1750 on First” by the new ownership.
Davlyn views th...
| Santa Barbara Multifamily Property Site Sells for Nearly $12 Mil
A one-acre land parcel in Santa Barbara, currently improved with a 48-unit multifamily property, has sold for $11.95 mil. The parcel, situated near the intersection of State St and North La Cumbre Rd, is currently occupied by...
| Oxnard Senior Living Facility Using New Financing for Renovation Work
Global Premier Development (GPD) has obtained a $12.5 mil loan secured by a 59.7k sf senior living facility in Oxnard. The building is sited on 2.36 acres of land and consists of 102 units with 128 beds.
Originally built in ...
| San Luis Obispo Res Property Refinanced with $110 Mil Fannie Mae Loan
The Reliant Group has arranged $110 mil in refinancing for the refinance of Mustang Village Apartments, a 39-building, 506-unit student housing community located in San Luis Obispo. The property, situated across the street f...
| Trio of SoCal 7-Eleven Sales Total Over $9 Mil
Three SoCal 7-Eleven properties have sold in separate transactions for a combined price tag of $9.13 mil. The properties are located in Los Angeles, San Diego and Bakersfield.
Hanley Investment Group Real Estate Advisors’ Je...
| Thousand Oaks Retail Property Goes for $382/sf
Inland Country Center, a 10.5k sf neighborhood retail center in Thousand Oaks, sold for $4.01 mil ($382/sf). The property, located at 3130-3188 East Thousand Oaks Blvd, was fully leased to 11 merchants at the time of the sal...
| Thousand Oaks Wells Fargo Bank Building Sells for $784/sf
A 7.4k sf retail property in Thousand Oaks fully occupied by Wells Fargo Bank sold for $5.8 mil ($784/sf). The buyer was a private investor from the San Francisco Bay Area who was completing a 1031 exchange.
Situated on just...
| It’s a Wonderful Life for Industrial Tenants in Shafter
Wonderful Real Estate has started construction on a 1 msf, spec industrial building located within Wonderful Industrial Park, a 1,625-acre, rail-served industrial development in the CA town of Shafter, about 20 miles northwes...
| Construction of Oxnard Res Development Financed with $13.5 Mil Loan
California Commercial Investment Group has obtained $13.5 mil in financing for the ground-up construction of a 72-unit apartment community in Oxnard. The money was arranged by Quantum Capital Partners.
Construction has comme...
| Grocery-Anchored Retail Center in Oxnard Sells for $24.5 Mil
Oxnard Vineyards, a 102.1k sf, grocery-anchored shopping center in Oxnard, was acquired by a private investor for $24.5 mil ($240/sf). The deal traded at a capitalization rate of 5.3%, in what we’re told is the lowest cap rat...
| Simi Valley Unified School District Spends Over $10 Mil on 120k sf Building
The Simi Valley Unified School District (SVUSD) has acquired a 120.1k sf industrial building to relocate and consolidate its administrative offices under one roof. The property, located at 101 W Cochran St, west of Madera Rd ...
| Phillips Edison Grocery Center REIT II Inc Buys Grocery-Anchored Center in Bakersfield
Phillips Edison Grocery Center REIT II Inc purchased Riverlakes Village, a 92.2k sf, grocery-anchored shopping center in the city of Bakersfield. The price was not disclosed.
The neighborhood shopping center, which was 97% l...