NAI Capital Completes Investment Sale of Multitenant Industrial Property in Ventura, CA
Ventura, CA, Tuesday, December 05, 2017–Vice President Michael Tharp with NAI Capital’s Ventura County office completed the sale of a 6-tenant industrial facility totaling 14,011 square feet in Ventura, Calif. Tharp, represented the seller S&T Lind Enterprises, LLC. The buyer was Amlap Circle Properties. The total sale price was $2,500.000 or $178.43 per square foot.
The building is located at 4531 Market Street. Built in 1993, it is a free standing single-story industrial building. The property it situated on a 43,560 square foot lot within the Ventura industrial market area. The property has 6 tenants in place ranging in size from 1,100 to 4,061 square feet. At the time of the sale the building was 100% leased. The property is centrally located with excellent access to the 101 freeway and only a few minutes from the 126 freeway.
Tharp said, “Demand remains strong for multi-tenant leased investments. This was a good local deal at a great cap rate. We are seeing a tremendous amount of demand from local investors looking for similar deals. Well located industrial product is selling at a premium.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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