Lee & Associates-LA North/Ventura Transacts $9,250,000 Office Sale

September 11, 2019 – Lee & Associates-LA North/Ventura principals Jay Rubin and Scott Silverstein transacted the sale of Marin Corporate Center, a 50,234-square-foot office campus in the Thousand Oaks submarket...
Marin Corporate Center

September 11, 2019 – Lee & Associates-LA North/Ventura principals Jay Rubin and Scott Silverstein transacted the sale of Marin Corporate Center, a 50,234-square-foot office campus in the Thousand Oaks submarket of Ventura County, for $9,250,000.

“We received multiple offers for this property, which is a genuine diamond in the rough,” said Rubin, who represented the buyer and seller in the transaction with Silverstein. “The buyer has an impressive vision for 180-degree repositioning to Class A medical and office use.”

The property, which was about 50 percent occupied at the time of sale, is located at 501-509 Marin St. in Thousand Oaks. The buyer, Marin Simgo, LLC, plans to renovate the interior and exterior including zen-like outdoor areas with water features.

Marin Corporate Center is a two-story, garden office complex with lush, woodsy landscaping surrounded by panoramic hillside views. It is located walking distance from Janss Marketplace and The Oaks shopping mall.

Rubin and Silverstein are representing Marin Simgo in the leasing of the property.

Categories
CommercialDealsLos AngelesNationalOfficeSalesWest

RELATED ARTICLES