Colliers International Negotiates Sale of 38,014-Square-Foot Industrial Building in Camarillo, Calif.
Camarillo, CA – June 24, 2011 – (RealEstateRama) — Colliers International, the second largest global real estate services organization, recently directed the sale of a 38,014-square-foot industrial building located at 251 Camarillo Ranch Rd., Camarillo, Calif. to Zindagi Games, Inc. The sale was valued at approximately $3.8 million.
Built in 2003, the unique facility boasts several state of the art features. Originally built for and occupied by Pacific Sales Kitchen and Bath Center, the facility will now be used as office space for a sports video game developer.
The seller was represented by John DeGrinis, SIOR, senior executive vice president based in Colliers International’s Encino office, Patrick DuRoss, associate vice president, and Jeff Abraham, senior associate, along with Clint McMorris, senior vice president based in Colliers International’s Torrance office. Roger Beck and Gelena Skya of Grubb and Ellis represented the buyer, Zindagi Games.
“This building is very unique within the market,” DuRoss explained. “It has industrial bones with excellent loading, a 24-foot minimum clear height and 1000 Amps of power. But the extensive window line, dropped ceiling, air conditioning throughout and high parking ratio lent itself to office or retail uses as well. We believed an office user, like Zindagi Games, would find value in the building given its adaptability to a variety of uses.”
TEAM DeGRINIS is a specialized group within Colliers International that provides consulting on industrial and R&D real estate requirements in the Ventura County and San Fernando Valley. With a combined 40 years of experience in the commercial real estate industry, TEAM DeGRINIS is a leader in sharing strategic local market insight and has completed more than $425 million in transactions over the past five years. For more information, visit www.colliers.com/markets/greater_los_angeles/degrinis.
About Colliers International
Colliers International is a global leader in real estate services with more than 15,000 professionals operating out of 480 offices in 61 countries. As a subsidiary of FirstService Corporation (NASDAQ: FSRV; TSX: FSV and FSV.PR.U), Colliers offers the stability of a strong financial partner and significant local ownership providing clients with accountability and enterprising real estate solutions. Colliers provides a full range of services to real estate users, owners and investors worldwide including: global corporate solutions; sales and lease brokerage; property and asset management; project management; hotel investment sales and consulting; property valuation and appraisal services; mortgage banking and insightful research. The Lipsey Company and National Real Estate Investor magazine ranked Colliers International as the world’s number two commercial real estate brand.
Since 1908, Colliers has stood at the forefront of the Los Angeles real estate industry. Today, Colliers operates seven offices throughout Greater Los Angeles, including Downtown Los Angeles, Orange County, Inland Empire, South Bay, San Fernando Valley, Santa Clarita and Commerce. Follow us at www.twitter.com/colliersgla.
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Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
angela.hwang (at) colliers (dot) com
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
www.colliers.com
