NAI Capital Completes Investment Sale in Simi Valley, CA
Simi Valley, CA – August 18, 2015 – (RealEstateRama) — Vice President Scott L. Linklater with NAI Capital represented the buyer TD Land LLC on the purchase of a 31,633 square foot light industrial manufacturing facility in the city of Simi Valley, Calif. The seller was 3990 Royal Corporation, Inc. The total sale price was $3.9M or $124 per square foot.
The property located 3990 Royal Ave is in the heart of Simi Valley’s industrial market. It was 100% leased to Pharmaceutic Litho & Label Company at time of the sale. The single story building sits on a 69,260 square foot land parcel at the corner of Tapo Canyon and Royal Avenue. The masonry building was constructed in 1984 and includes 10,200 square feet of office space. It features dock high and ground level loading with 4,000 square feet of production space. It is fully sprinkled with heavy power.
The tenant Pharmaceutic Litho & Label Company prints pharmaceutical labels at this facility. It has been at the forefront of development in the pharmaceutical print industry. Known as the preeminent pharmaceutical printer, they supply labeling and printing services for medical devices as well as the bio-tech industry. Pharmaceutic Litho is one of a few printers dedicated to pharmaceutical industry. They continue to grow and expand their services for the pharmaceutical and bio-tech industries.
Linklater said, “There is a scarcity of quality product available for sale in the market place today. This investment presented the buyer TD Land LLC the opportunity to lock into a long term hold, at a very attractive cap rate, with a credit worthy tenant that is a leader in their respective market space. My client is extremely pleased with the addition of this asset to their portfolio.”
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 member of NAI Global, a premier real estate service network with 375 local offices and 6,700 local market leaders 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.
NAI Capital Brokerage CA BRE #00806840.
To learn more, visit www.naicapital.com
About NAI Global
NAI Global is the single largest, most powerful global network of owner-operated commercial real estate brokerage firms. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. NAI Global Member firms, leaders in their local markets, are actively managed to work in unison and provide clients with exceptional solutions to their commercial real estate needs. Founded in 1978, today NAI Global has more than 375 offices strategically located throughout North America, Latin America, Europe and Asia Pacific, with over 6,700 local market professionals, managing over 380 million square feet of property. Supported by the central resources of the NAI Global network, Member firms deliver market-leading services locally and combine their in-market strengths to form a powerful bond of insights and execution for clients with multi-market challenges.
NAI Global was acquired in 2012 by C-III Capital Partners, a leading commercial real estate services company engaged in a broad range of activities, including primary and special loan servicing, loan origination, fund management, CDO management, principal investment, online capital markets, title services and multifamily property management. C-III’s principal place of business is located in Irving, TX, with additional offices in New York, NY, Greenville, SC and Nashville, TN.
To learn more, visit www.naiglobal.com.
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J.C. Casillas
Director of Research and Public Relations
jcasillas (at) naicapital (dot) com
NAI Capital
16001 Ventura Blvd, Suite 200
Encino, CA 91436
naicapital.com
Tel +1 818 933 2433
Fax +1 818 905 2425
