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November 28, 2023
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NEXGEN Spends Over $6 Mil on Conejo Valley Life Science/Lab Property


NEXGEN paid $6.2 mil for a 23.9k sf ($260/sf) industrial life science/laboratory facility in Newbury Park. The property was sold by Dao Bui Holdings.

The facility is situated at 3615 Old Conejo Rd, within the USA Business Park in the Conejo Valley industrial market. Built in 2002 and recently renovated, the concrete tilt-up building features a corporate image with millions of dollars of specialized improvements. It has an extensive range of features, including a class 7 & 8 clean room, a 19-foot minimum clear height, laboratory food processing space, and humidity/temperature-controlled manufacturing space.

The site is equipped with 63 parking spaces and features two 12 X 14 ground level loading doors. It boasts a high-power capacity of 600 Amps, 277-480 Volt, 3 Phase 4 wire, as well as a walk-in commercial freezer and refrigerator. Additionally, there are power drop lines, a steam boiler, a fully equipped kitchen for employees, high-image executive offices, polished concrete floors, and a shower.

Centrally located, this industrial building is truly one-of-a-kind, situated just minutes away from the Amgen campus and adjacent to the 101 Fwy. It offers convenient access east of the Camarillo grade, making it a highly desirable location for businesses seeking excellent transportation access.

Matt Ehrlich and Marcos Villagomez with NAI Capital Commercial represented the seller in the transaction. The buyer was repped by Century 21.

“This was an attractive building which will serve as their new corporate headquarters in a prime industrial hub in the Conejo Valley,” Ehrlich commented. “Although this building was highly specialized, the buyer ultimately needed the warehouse for product storage with high clearance. The scarcity of industrial buildings in this submarket combined with the property’s location, made this unique asset very desirable.”

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