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10/04/19
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Penwood Real Estate Investment Management paid $8 mil for a 55.2k sf ($145/sf) industrial building in the Conjeo Valley city of Moorpark. The property, located at 5155 Goldman Ave, is fully occupied by a single user, QEP Co Inc, a company specializing in installation tools and accessories for tile, porcelain and natural stone.
Built in 1986, the free-standing building includes a fenced yard, dock high loading, 22-foot ceilings, and heavy power, among other modern features. The asset is well-located near Los Angeles Ave and the 118/23 freeway junction, in Ventura County.
Patrick DuRoss, John DeGrinis and Jeff Abraham with Newmark Knight Frank represented the buyer and the seller, a local private investor.
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