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• FPA Multifamily Pays $33.8 Mil for Thousand Oaks Res Community
11/26/19
Stonepine Apartments, a 108-unit garden-style multifamily property in Thousand Oaks, was acquired by California-based FPA Multifamily, LLC in a $33.8 mil ($313k/unit) transaction.
Built in 1979, Stonepine Apartments is compr...
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• Camarillo Industrial Building to Be Converted to Self-Storage after $11 Mil Sale
11/22/19
Mission Oaks Corporate Center, a 181.4k sf, high-image flex industrial building in the Conejo Valley city of Camarillo, sold for $11 mil. The building is located at 5300 Adolfo Rd, north of the 101 Fwy and east of Santa Rosa...
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• Ventura Multifamily Property Sells for $284k/Unit
11/11/19
Ventura Del Sol, a 255-unit apartment complex in Ventura, sold for $72.5 mil ($284k/unit). The buyer was a private multifamily investment firm attracted by the property’s location and low-density configuration.
Constructed ...
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• Bakersfield Multifamily Property Sells for $107k/Unit
11/05/19
Dana Apartments, a 49-unit community in Bakersfield, sold with multiple offers for a sales price of $5.25 mil ($107.1k/unit). Built on a 2.34-acre site in 1968, the property is located at 3600-3610 Dana St.
The property is ...
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• US Storage Centers Buys 649-Unit Self-Storage Facility in Bakersfield
11/04/19
US Storage Centers has acquired a 649-unit, 118.6k sf self-storage facility in Bakersfield. The property is located at 3813 Mesa Grande St, adjacent to the California State Route 99 Fwy.
The facility features climate-control...
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• Simi Valley Industrial Facility Goes for $11 Mil
10/28/19
A highly-improved 60.4k sf, R&D building in Simi Valley traded for $11 mil ($183/sf). The property is located at 685 E Cochran St, east of Madera Rd and just south of the 118 Fwy.
Built in 1986, the two-story property featur...
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• Rexford Industrial Realty Spends $76 Mil on Trio of SoCal Industrial Assets
10/08/19
Rexford Industrial Realty has acquired three SoCal industrial properties for $76 mil. The purchases were funded using cash on hand.
In the largest deal, Rexford acquired Slauson Commerce Center, located in City of Commerce w...
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• Penwood Real Estate Buys 55k sf Industrial Facility in Ventura County
10/04/19
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 I...
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• Investment Venture Gets to Think Here
9/16/19
Think Here, a 161k sf, two-building Life Science/R&D office campus in Thousand Oaks, was acquired by a venture of Singerman Real Estate LLC and HATCHspaces LLC. The price was not disclosed.
The property is comprised of two b...
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• Office Asset in Ventura County Sells
9/12/19
Marin Corporate Center, a 50.2k sf office campus in the Thousand Oaks submarket of Ventura County, sold for for $9.25 mil, or $184/sf.
The property, which was about 50% occupied at the time of sale, is located at 501-509 Ma...
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• Investor Picks Up 106k sf Building in Goleta
8/23/19
A local investor purchased a 106.3k sf building on 6.9 acres in Goleta. Although the closing price was not released, we do know that the offering was listed for $35.5 mil, or $334/sf.
The facility, located at 6300 Hollister...
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• Single-Tenant LA Fitness Property in the Conejo Valley Gets a New Owner
8/23/19
AHS Property Inc acquired a 37.3k sf building leased to LA Fitness in the Conejo Valley community of Newbury Park. The single-tenant, leased investment property is located at 3057 Grande Vista Drive.
Although the final sales...
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• Conejo Valley Industrial Facility Refinanced with New Loan for $12 Mil
8/20/19
Nearon Enterprises has refinanced Princeton Industrial, a 144k sf, single-tenant industrial property in Moorpark, with a new loan for $12 mil. The property is 100% occupied by AeroVironment Inc, a $1.3-billion manufacturer of...
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• Commercial Real Estate Financing Briefs
8/13/19
MERIDIAN CAPITAL GROUP - Seth Grossman, Steven Adler and Jackie Tran with Meridian Capital Group arranged $23.1 mil in acquisition financing for the purchase of the Hilton Garden Inn San Diego Mission Valley Stadium hotel. Lo...
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• Neighborhood Center in the Conejo Valley Trades for $18 Mil
8/12/19
Conejo Gateway, a 47.3k sf neighborhood retail center in the Conejo Valley, sold for $18 mil ($380/sf). The center is located at 701 Wendy Dr, just off the 101 Fwy in the Newbury Park area of Thousand Oaks.
The neighborhood ...
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• Tire Wholesaler Buys Ventura County Industrial Facility
6/19/19
Big Brand Tires purchased a 69.9k sf industrial building in the city of Moorpark in a $10.225 mil ($146/sf) transaction. Big Brand, a tire wholesaler, will fully occupy the property, located at 14401 Princeton Ave.
The build...
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• Majestic Asset Management Closes $18 Mil Office Buy in Westlake Village
6/14/19
Westlake Plaza Centre 2, an 84k sf office building in Westlake Village, was acquired by Majestic Asset Management and The Johnston Group in an $18.25 mil deal. The property was sold by Kilroy Realty Corporation.
The building...
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• Santa Maria Res Development Refinanced with $35 Mil Take-Out Loan Prior to Completion
6/03/19
Dynamic Development Company has financed Refugio Apartments, a 125-unit luxury townhome rental community in Santa Maria, with a take-out loan of $35 mil. The refi, arranged by JLL Capital Markets and provided by Annaly Capita...
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• Strategic Office Partners Purchases Conejo Valley Office Asset for $41 Mil
5/31/19
Strategic Office Partners has acquired Conejo Corporate Campus, a 196k sf office campus in Thousand Oaks, for $41.35 mil ($211/sf). The property, located at 2380 and 2400 Conejo Spectrum St, was sold by Harbor Associates and ...
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• Cleveland Investment Entity Pays $196/sf for Camarillo Office Property
5/20/19
An investment firm out of Cleveland, OH paid $15.6 mil for Mission Oaks Business Park, a 79.5k sf ($196/sf), multi-tenant office building in Camarillo. The building sits on 4.27 acres at 5141-5171 Verdugo Way, north of the 10...
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