The company plans to further develop the property, by adding on to the 113,000-sf building that currently stands on the parcel. The facility, which is occupied by G & H Technologies, is located at 750 W. Ventura Blvd., along the 101 Freeway Corridor. According to the company's plans, the property will receive an additional 300,000 sf of office and industrial improvements.
Ed McKeegan and Dennis Dillon of MEI Real Estate Services represented the seller, Great American Insurance Co. Camarillo Business Center was represented by Rick Wilson.
The county's industrial market is still a favorite among investors, as the dearth of buildable land and high demand on the part of industrial tenants continues to push up occupancy levels in industrial properties countywide.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
