Property Listing No Longer Available for Sale

220 W Los Angeles Avenue, Simi Valley, CA

Industrial for Sale - $9,500,000 - 53,799 Sq. Ft. on 3.1 acres

Property Info

CIMLS #1028349
Location220 W Los Angeles Avenue
Simi Valley CA 93065
Last UpdatedOctober 15th, 2018
Building53,799 Sq. Ft.
Land3.1 acres
DemographicsView data

Property Description

Coldwell Banker Commercial NRT exclusively lists the Malabar Industrial Property. This property is currently tenant occupied and will be delivered vacant by close of escrow. First time on the market within this industrial supply constrained area, it was originally constructed in 1978, with an additional building added in 2002. There is also the Ability to add 5,000 of mezzanine space in an otherwise unused portion of the building, offering an exceptional value-add! As an additional feature, a large covered canopy area is located in the back of the building. Heavy power provides an excellent manufacturing opportunity to an owner user or investor. Multiple dock high and drive in doors also make for effortless distribution flow of products and shipping.

The building has been occupied historically by a single tenant, however by design it can be converted into two units. This adds diversity for an end user to occupy more than 51% making an owner user eligible for SBA financing. Simi Valley has proven itself to be very business friendly with reduced taxes compared to its neighbor Los Angeles.

Overall demand in the 63 million SF in Ventura has been very strong with a vacancy rate at or around 2.50% at the end of Q1 2018.