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4/06/21
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A 40k sf, single-tenant property in Camarillo sold for $6.5 mil ($162.50/sf). The property, situated on 2.12 acres at 1040 Avenida Acaso, is leased to Infab Intermediate Holdings LLC, a manufacturer and worldwide distributor of radiation protection products and safety accessories.
The property features warehouse and manufacturing space, 8k sf of office, 22’ clear height and 75 parking stalls. It also offers easy access to the Ventura 101 Fwy and Hwy 118 and is in proximity to retail amenities, a regional outlet center and several local hotels. Infab Corporation occupies the building under a new, long-term, triple-net lease.
Bob Boyer and Michael Slater of CBRE represented the seller, Deezco LLC, a private entity, in the transaction. CBRE’s Fred Aframian and Ryan Lin repped the buyer, Fredmore LLC.
“This property offered the buyer a rare opportunity to acquire an asset with a new long-term commitment by the tenant, little management requirements and a long-term cash flow in a desirable commercial area of Camarillo,” said Boyer.
The Greater Los Angeles industrial market ended the year on a high note, with 13.9 msf of user activity and 3.9 msf of positive absorption in the fourth quarter, according to CBRE research. The average monthly asking lease rate increased by 1% quarter over quarter, from $0.91 to $0.92 per square foot.
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