E-commerce – specifically Amazon.com Inc. – continues to add value to industrial properties in North Los Angeles markets such as Simi Valley, where a distribution facility has sold for $128 million, or roughly $441 per square foot. 

The 290,220-square-foot single-tenant industrial site, located at 400 National Way, was 100 percent leased to an e-commerce giant and serves as a last-mile distribution facility, according to a statement by Newmark, which transacted the deal. 

The Business Journal has previously reported that the occupant is Amazon. 

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