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.