| Former Chase Bank Building in Thousand Oaks Leased for Conversion into Healthcare Facility
Agora Realty and Management Inc has signed a major university tenant to a 16.2k sf, former Chase Bank bulding they own in Thousand Oaks. Located at 248 Hampshire Rd, the building was purchased by Agora Realty in 2019.
| Multi-Tenant Retail Property in Ventura Sells for $822/sf
A 9k sf, multi-tenant retail pad building anchored by a Starbucks Drive-Thru and Jersey Mike’s Subs adjacent to Ventura College in Ventura sold for $7.4 mil, or $822/sf. The buyer was a private investor from Tarzana.
| Ventura County Retail Center Traded in $20 Mil Transaction
Chesser Group Inc paid $20 mil for The Village at Moorpark, a 129.4k sf ($155/sf) community shopping center. The property, located at 706 West Los Angeles Ave in the Ventura County city of Moorpark, was sold by London Reo Ret...
| Rexford Industrial Realty Enjoys Barefoot Dreams in Thousand Oaks
Barefoot Dreams, a lifestyle brand specializing in home, baby, youth, adult apparel and pet products exclusively licensed with The Walt Disney Co, has signed a lease for 50.7k sf of space at Conejo Spectrum in Thousand Oaks.
| 734k sf of Camarillo Industrial Space Goes for $88 Mil
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.
| Oxnard Industrial Facility Sold in $4.3 Mil Deal
A 26.6k sf manufacturing facility in Oxnard sold for $4.3 mil, or $162/sf. The building is located at 2400 Sturgis Rd, within the Ventura County’s West submarket.
Built in 2004, the free standing single-story manufacturing b...
| Younan Properties Buys 212k sf Conejo Valley Office Campus
In a recent office buy out of SoCal’s Conejo Valley, Younan Properties Inc purchased Westlake Oaks Campus, a two-building, 212k sf corporate campus in Westlake Village. The price was not disclosed.
The buildings are at 120 V...
| Local Investor Pays $26 Mil for 151k sf Bakersfield Office Asset
Cal Twin Towers, a 151.8k sf office complex at 4900 California Ave in Bakersfield, was acquired by Steve Blumer, a local investor, in a deal worth $26 mil ($171/sf). The property was sold by Adler Realty Investments Inc, out ...
| Commercial Real Estate Financing Briefs
MERIDIAN CAPITAL GROUP - Seth Grossman, Sarah Kuebler and Eric Schleif with Meridian Capital Group arranged $45 mil in financing for McCarthy Ranch Marketplace, a 266k sf retail property in Milpitas. Located at 15-251 Ranch D...
| Goleta Office Campus Trades in $35 Mil Deal
An affiliate of Montana Avenue Capital Partners, LLC (MAC) purchased Castilian Technical Center, a three-building, 165.5k sf campus at 50, 70, and 90 Castilian Drive in Goleta, for $35.7 mil ($216/sf).
The property covers a...
| MAG Capital Partners Buys 62k sf Retail Property in Santa Barbara County
MAG Capital Partners LLC has acquired a 62.5k sf retail property in the SoCal city of Lompoc. The property is located at 1600 North H St, within Santa Barbara County. The price was not disclosed.
Originally built in 1992, th...
| Rexford Industrial Realty Closes Out 2019 with a Fountain Valley Purchase and an Oxnard Disposition
In the latest SoCal activity at Rexford Industrial Realty, the firm purchased an industrial property in Fountain Valley for $14 mil and sold a property in Oxnard for $9.6 mil. The acquisition was funded using cash-on-hand and...
| Two SoCal Retail Centers Refinanced in Transactions Totaling $31 Mil
Cantor Commercial Real Estate has refinanced two SoCal neighborhood retail centers with loans totaling $31 mil. Westlake Village Marketplace, in Westlake Village, was refinanced with an $18 mil loan, and Aliso Viejo Plaza, in...
| Initial Res Apartments Offered for Lease at Ventura Mixed-Use Development
The initial 56 res units have been made available for lease at Port Ventura Harbor, the largest mixed-used waterfront development of its kind on the West Coast. The culmination of nearly two decades of planning, at buildout i...
| Omninet Capital Buys Office/Medical Property in Oxnard
Omninet Capital LLC purchased Solar Drive Business Park, a 136.7k sf, Class A three-building office/medical office property in Oxnard. The property is located at 1901, 2001 and 2051 North Solar Dr, south of Hwy 101 and west o...
| Majestic Asset Management Lands $15.7 Mil in Financing on Two Office Buildings
Majestic Asset Management Inc has obtained two loans totaling $15.72 mil for 125 and 175 Cremona Drive, two office buildings totaling 133.3k sf in the Santa Barbara County city of Goleta. The firm acquired the buildings, situ...
| FPA Multifamily Pays $33.8 Mil for Thousand Oaks Res Community
Stonepine Apartments, a 108-unit garden-style multifamily property in Thousand Oaks, was acquired by California-based FPA Multifamily, LLC in a $33.8 mil ($313k/unit) transaction.
Built in 1979, Stonepine Apartments is compr...
| Camarillo Industrial Building to Be Converted to Self-Storage after $11 Mil Sale
Mission Oaks Corporate Center, a 181.4k sf, high-image flex industrial building in the Conejo Valley city of Camarillo, sold for $11 mil. The building is located at 5300 Adolfo Rd, north of the 101 Fwy and east of Santa Rosa...
| Ventura Multifamily Property Sells for $284k/Unit
Ventura Del Sol, a 255-unit apartment complex in Ventura, sold for $72.5 mil ($284k/unit). The buyer was a private multifamily investment firm attracted by the property’s location and low-density configuration.
| Bakersfield Multifamily Property Sells for $107k/Unit
Dana Apartments, a 49-unit community in Bakersfield, sold with multiple offers for a sales price of $5.25 mil ($107.1k/unit). Built on a 2.34-acre site in 1968, the property is located at 3600-3610 Dana St.
The property is ...