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3/24/21
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A SoCal-based investor acquired a two-story, 30.8k sf Class A industrial property in Simi Valley for $5.9 mil ($192/sf) in a sale/leaseback deal.
The property is located on 1.47 acres at 2250 Agate Court, west of First St and south of the 118 Fwy. Built in 1985, the asset is situated within a master-planned business park northwest of Los Angeles, in Ventura County.
The property was sold by Milodon Inc, a leader in the design and manufacturing of top-quality racing and marine equipment. At closing, Milodon agreed to a 10-year lease to continue occupying the manufacturing facility.
David Wirgler with Stan Johnson Company represented the buyer in the deal.
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