NAI Capital’s Timothy P. Foutz and Fred Ferro Close $3.8 Million Dollar Deal in Newbury Park, CA
NEWBURY PARK, CA – May 8, 2012 – (RealEstateRama) — NAI Capital’s Fred Ferro with the Ventura County office and Timothy P. Foutz , with the Encino office, represented the Seller, C-F Investment Company, in the sale of a 53,650 SF industrial property located at 2651 Lavery Court to the Buyer, Martin W. Foreman. The value of the sales transaction was over $3.8 million.
“We were fortunate that both parties involved in the sale were motivated to close the deal quickly in order to renovate the building for tenants who are currently looking for cost effective space in the local submarket” Ferro said.
Although historically used for research & development purposes, the building’s high ceilings, rear storage yard, abundant loading doors and divisibility were features that made it attractive to the Buyer and for many traditional industrial tenants.
Among the buildings’ many other features are 1,800 amps of well distributed power in the front half of the building, a 10,000 SF clean room and 4,600 SF of office mezzanine. The building is surrounded by many Fortune 500 companies such as Amgen, Baxter, Teledyne, BMW and many other notable firms.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com NAI Capital Brokerage DRE #00806840
Contact:
Sharon Fitzgerald
Public Relations Manager
NAI Capital, Inc.
16001 Ventura Blvd., 2nd Floor
Encino, CA 91436
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www.naicapital.com
