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6/16/16
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A unique, state-of-the-art production and entertainment facility and Class A office complex in Simi Valley has traded hands in a recent $11 mil deal. The property, located at 101 West Cochran St, was acquired by Los Angeles-based real estate investment firm, Kids from the Valley XIV.
The buyer has formed Anjac Studios West to operate its new facility, which will continue to be used for a wide variety of production-related activities. The immediate area has become something of a growing hotbed for the entertainment industry.
Situated on just over seven acres, the office portion of the property was built in 1991 with the studio complex built in 2000 by the seller, who used the facilities to produce, edit and broadcast around the world. The property consists of two floors of office, two studio production stages (Stage A and Stage B), post-production editing suites, and warehouse space, along with other supporting features.
Dennis Slattery and Stacy Vierheilig-Fraser with Charles Dunn Company represented the seller and previous user, the Adventist Media Center, which was owned and operated by the North American Division of Seventh-day Adventists. The buyer was repped by Keller Williams Realty Calabasas.
“This property offered the buyer a premier entertainment complex and world-class production facility,” said Slattery. “It is also located within the 30-mile zone for use by union and non-union film projects on-site, making the opportunity even more attractive.”
The property is located in the northwestern portion of Simi Valley within the Simi Valley Business Park. Simi Valley is located in the southeast corner of Ventura County, bordering the San Fernando Valley, roughly 30 miles from Downtown Los Angeles.
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