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Private Group Buys 94,000-SF Project

LOMPOC, CA-Strasbaugh Development pays Gowing Leasing Co. $4.8 million for the three-building industrial complex at 1641 W. Central Ave. The project is fully occupied.

By David W. Myers | Updated on September 14, 2001

LOMPOC, CA-A private real estate investment and development group has paid $4.8 million for a 94,000-sf industrial project in this fast-growing community about 100 miles north of Downtown LA.

The three-building project stands at 1641 W. Central Ave. It was 100% leased at the time of sale, according to a Grubb & Ellis broker involved in the transaction.

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