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11/29/23
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Stream Realty Partners has awarded Newmark the leasing assignment for 101 Logistics Center, a fully entitled, 750k sf, four-building, Class A state-of-the-art industrial project located on Sakioka Dr in Oxnard. Stream purchased the 41-acre site in June 2022.
The buildings at 101 Logistics Center will range from approximately 110k sf to 308k sf and will provide tenants with a variety of leasing options, including the full four-building campus. In terms of project features, the buildings will offer 32- to 40-foot warehouse clear heights, substantial dock-high loading capability, 135’ to 185’ fully secured truck courts, robust power capacity, ESFR sprinklers, warehouse lighting, EV charging stations, a built-out ground floor and mezzanine office space.
The project will provide tenants with direct access to the 101 Fwy for convenient access to Ventura County, Santa Barbara County and Los Angeles County, as well as the Port of Hueneme. Amazon and Arctic Cold recently built facilities immediately adjacent to the project.
Newmark’s John DeGrinis, SIOR, Patrick DuRoss, SIOR, Jeff Abraham, SIOR and Javier Galvan are handling the leasing of the project.
“101 Logistics Center is the first development of its scale in West Ventura County for more than 20 years,” commented DuRoss. “The project provides a much-needed opportunity for companies to grow within the region, offering the real estate and amenities necessary to accommodate their needs.”
“The West Ventura County industrial submarket boasts 48 msf of inventory with little vacancy and no availability of Class A space above 100k sf,” said DeGrinis. “This project caters to unprecedented demand and stands as a testament to meeting the needs of a dynamic market and propelling economic growth in the surrounding area.”
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