College Pays $7 Million for Camarillo Office Building

Ventura County Community College District in the city of Ventura has bought a top-notch office building in Camarillo for its new headquarters, according to commercial real estate brokerage NAI Capital Inc. in Encino. The organization paid $7 million for a 37,400-square-foot office building at 761 Daily Drive in the seven-building Camarillo Business Center, NAI said. The seller was Camdaily, which bought the structure for $4.2 million in 2015 from Premier America Credit Union. The college district felt the Camarillo location will be easier for all of Ventura County to access, NAI said, and will occupy 70 percent of the currently vacant space for its administrative operations after doing slight modifications to the 13-year-old building. Ventura County Community College District operates Moorpark College, Oxnard College and Ventura College with occupational and vocational training, basic skills instruction, development and continuing education. As of fall 2015, the district served more than 31,900 students. Thirty percent of the building is leased to four tenants, including Premier America Credit Union.