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Tuesday, Nov 5, 2024

Camarillo Industrial Portfolio Sells for $24.5 Million

Daum Commercial Real Estate Services has sold a $24.5 million portfolio of six industrial buildings, according to the Camarillo Acorn. Timothy Foutz of NAI Capital’s Encino office represented the buyer, a family trust, in the transaction. Mitch Conlee, executive vice president at Daum’s Ventura County office, closed the sale on behalf of Ventura-based seller Marcus Adams Properties. The individual properties consist of a 37,204-square foot edifice at 4098 Calle Tesoro in the Flynn Road Industrial Park; the 81,172-square-foot building at 1250, 1260, and 1270 Avenida Acaso, also in the Flynn Road Industrial Park; and the 31,391-square-foot structure at 1199 and 1221 Avenida Acaso. The half-dozen structures total 51 units and span almost 150,000 square feet in multi-tenant space. The Avenida Acaso sites were erected in the mid-1980s. The Calle Tesoro structure was built in 1995. The industrial complex’s nearly 30 tenants include Souza Insurance, J.C. Manufacturing & Marketing, United Fabrication, American Motion Systems, All-City Computers, Horizon Baptist Church and Cloud Publishing.

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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