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• Ventura Apartment Property Sells for $369k/Unit
10/05/22
Hacienda Villas, a 34-unit multifamily property in Ventura, traded hands for $12.55 mil, or $369k/unit. The two-story property is located at 10829 Del Norte St, north of Telegraph Rd and west of Wells Rd.
Built In 1977, the ...
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• Leap of Faith Partners Secures Funding for 125-Unit Mixed-Use Project in Ventura
9/27/22
Leap of Faith Partners (LOF) has obtained a total of $66.9 mil of funding for a 125-unit, 10k sf mixed-use development in the city of Ventura. The financing consists of $14.5 mil in common equity and $52.4 mil in construction...
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• Intercontinental Real Estate Corporation and MG Properties Team Up in $87 Mil Agoura Hills Res Buy
9/13/22
A joint venture between Intercontinental Real Estate Corporation and MG Properties has acquired The Lexington Apartments, a 178-unit apartment community in Agoura Hills, for $87.3 mil, or $490.4k/unit. The property was sold b...
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• Harbor Associates Buys Office/R&D Facility in the Conejo Valley
8/23/22
In a recent Conejo Valley investment trade, Harbor Associates paid $19.275 mil for 118.9k sf ($162/sf) office/R&D complex in Agoura Hills. The property, located at 30601 Agoura Rd, was sold by Adler Realty.
The building incl...
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• Interstate Equities Corporation Buys 164-Unit Multifamily Property in Oxnard
8/22/22
Interstate Equities Corporation has purchased The Vines at Riverpark, a 164-unit, two-story, attached townhome community in Oxnard. Located at 3040 North Oxnard Blvd, the property is part of Riverpark, a new, 700-acre, master...
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• Harbor Associates, in a joint venture with Platform Ventures LLC Closed $19 Mil Purchase of Office/R&D Building in Agoura Hills
8/18/22
Harbor Associates, in a joint venture with Platform Ventures LLC, has acquired a 118.9k sf commercial office/R&D building in Agoura Hills for $19.275 mil, or $162/sf. In addition, A2 Biotherapeutics (“A2 Bio”) signed an 11-ye...
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• Bakersfield Strip Center Fetches $245/sf
7/19/22
Colonial Square, a 41.2k sf, multi-tenant retail strip center in Bakersfield was acquired by an L.A.-based 1031 exchange investor for $10.1 mil ($245/sf). The property was sold by LS Capital Inc, a real estate asset managemen...
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• Single-Tenant Walgreens in Tehachapi Sells for $438/sf
6/28/22
A 14.6k sf, single-tenant net-leased investment occupied by Walgreens in Tehachapi traded for $6.4 mil, or $438/sf. Built in 2003, the Walgreens building features a drive-thru.
The property is located on 1.66 acres at 1091 ...
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• Industrial Facility in the Bakersfield Area Goes for $12 Mil
6/14/22
A fully leased 80k sf industrial building in Shafter, CA – in the Bakersfield area -- traded for $12 mil in an off-market transaction. The building sits on 4.7 acres but comes with an adjacent 15.56 acres of undeveloped surpl...
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• ZDI Inc Buys 29k sf Retail Property in Bakersfield
6/02/22
A SoCal-based ZDI Inc entity paid $8.1 mil for a 29.4k sf ($275/sf), 100% leased retail asset in Bakersfield. The property has long been anchored by a major office supply retailer since it was built in 2005, and the remaining...
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• Ventura County Retail Center Lands $24 Mil Refi
5/25/22
Village at Moorpark, a 129k sf suburban retail center in the Ventura County city of Moorpark, was just refinanced by its private investor owner with a new loan for $24 mil. The refi was arranged by Gantry.
The property, loc...
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• Universe Holdings Pays $14.5 Mil for Its Second Ventura Multifamily Property
5/17/22
Universe Holdings has acquired Woodland Manor, a 38-unit multifamily community in Ventura, in an off-market transaction for $14.55 mil ($383k/unit). Built in 1969, the property offers all two-bedroom/two-bath apartments in a ...
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• Pismo Beach Hotel Lands $50 Mil Refi
5/13/22
Sonnenblick-Eichner Company has arranged $50 mil of long-term, fixed-rate first mortgage financing for the Cliffs Hotel & Spa, a 162-room, full-service, luxury boutique hotel located on a bluff overlooking the Pacific Ocean i...
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• Westlake Village Office Asset Trades in $35 Mil Deal
5/06/22
The Harkham Family has purchased 2625 Townsgate, a 132k sf, Class A creative office property in Westlake Village, for $35.1 mil, or $266/sf. The acquisition was part of an exchange following the buyer’s $200 mil sale of 360 N...
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• Santa Paula Industrial Property Trades for $146/sf
5/04/22
In a recent SoCal industrial sales comp, a 40k sf facility in Santa Paula sold for $5.3 mil, or $146/sf. The property is located at 201 S Hallock Dr, next to Lemonwood Industrial Park and minutes from Highway 126.
Built in 1...
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• Ground Lease for Two-Restaurant Property in San Luis Obispo Sells for Over $3.7 Mil
5/02/22
The ground lease (land ownership) of a 3.6k sf, two-tenant, two-building property in San Luis Obispo traded in a recent $3.725 mil transaction. We’re told this sale sets a record-low cap rate of 4.84% and highest price per sq...
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• Snyder-Diamond Corporation Leases 76k sf Simi Valley Facility
4/29/22
Snyder-Diamond Corporation, a distributor of kitchen appliances and bathroom fixtures, inked a 10-year, $13.9 mil lease for a 76k sf ($1.52/sf/mo) industrial building in Simi Valley. The property, located at 2390 Ward Ave, in...
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• SoCal Office Markets Seeing Flight to Low-Mid-Rise Buildings
4/19/22
This report provided by NAI Capital Commercial
As tenants renewing leases question what type of space and how much they’ll truly need, a flight to low-mid-rise office building space is playing out in Southern California mark...
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• Pismo Beach Hotel Property Lands $30 Mil Refi
4/08/22
Inn at the Pier, a 104-room, full-service, luxury boutique hotel located one-half block from the Pacific Ocean in Pismo Beach, was refinanced by its private investor owner with a new long-term loan for $30 mil. The non-recour...
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• The Vernon Group to Start Work on 167-Unit Res Project in Santa Maria
3/31/22
The Vernon Group has secured $34.8 mil in financing for the construction of the 167-unit Elements Apartments in Santa Maria, CA. The loan was provided by Thorofare Capital Inc.
Elements boasts a transit-oriented location, wi...
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