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Thursday, Mar 28, 2024

Simi Valley’s Erringer Plaza Sells for $4.3 Million

Erringer Plaza in Simi Valley has sold for $4.3 to Laurence Michael of Los Angeles, according to Costar Group. Marcus & Millichap Director of National Office Gary Cohen and Ventura office associate James DeBuiser held the exclusive listing for the 31,106-square-foot office and retail property on behalf of the seller, Tustin-based Simi Executive Center. Built in 1979 and located at 1716 Erringer Road, the two-floor, six-office Erringer Plaza was approximately 80 percent occupied at the time of sale. Tenants include Chiltern Consultancy USA, Inc., Allstate, Carpet Cleaning Simi Valley and Kumon Math and Reading Center of Simi Valley West.

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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