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Friday, Nov 22, 2024

Catalina Yachts Building in Woodland Hills Sold

The Catalina Yachts building in Woodland Hills has sold for $61 million.

Butler Family Trust sold the building to buyer W-F Catalina Owner IX. Gordon Mace and Josh Linn of Beitler Commercial Realty were the listing agents on the industrial building at 21200 Victory Blvd. Mace represented the buyer.

The two-story 187,000-square-foot industrial building, which sits on 9.3 acres, has 60,000 square feet of office space. Catalina Yachts founder Frank Butler purchased it from Rocketdyne in 1978. Butler passed away in 2020.

“It’s a historic building at Warner Center,” Mace said. “It was built for Rocketdyne to test jet engines back in the 1960s. It has got 32-foot ceiling clearance. Not many buildings have that. And it’s in a great location.”

Butler, who founded Catalina Yachts in the 1960s, grew the company into the largest builder of fiberglass production sailboats in the United States.

The building had been used to manufacture sailboats. The boat-building operation was moved two years ago to a location just outside of Tampa, Florida, according to Mace.

Hannah Madans Welk
Hannah Madans Welk
Hannah Madans Welk is a managing editor at the Los Angeles Business Journal and the San Fernando Valley Business Journal. She previously covered real estate for the Los Angeles Business Journal. She has done work with publications including The Orange County Register, The Real Deal and doityourself.com.

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