The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 20, 2024
 Search RENTV
 The REview
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

Printer-friendly Version   Email an Associate
Majestic Asset Management Purchases 125k sf Goleta Commercial Property


Majestic Asset Management Inc has purchased a three-building, 124.8k sf commercial property in Goleta for $16.5 mil ($132/sf). Majestic plans to improve and reposition the asset, situated on 5.6 acres at 839-879 Ward Dr.

The property was vacated in 2016 by Channel Industries Inc, which had occupied the site since original construction in the 1960ís. Recent leases by Gavial Holdings, Sonatech, and Reaction35 have backfilled a portion of the property with about half of the rentable space remaining vacant.

Located on the eastern border of Goleta, the site is convenient to Santa Barbara, UCSB, and the Santa Barbara Airport. Majestic Asset Management will vastly improve the warehouse, R&D and office space with modern indoor and outdoor amenities creating a campus environment to attract tech, defense, and bioscience tenants.

Francois DeJohn, Steve Hayes and Liam Murphy with Hayes Commercial Group represented both parties in the sale transaction. Based in Agoura Hills, Majestic Asset Management manages, owns and develops investment property primarily in Los Angeles, Ventura, and Santa Barbara counties. Majestic and Hayes Commercial will begin marketing the vacant space for lease right away, allowing tenants to have input into the buildout to meet their specific needs.

Return to the Archive page


Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media