Stan Johnson Company Arranges Sale Leaseback Acquisition of Simi Valley, California Industrial Property for $5.9 Million
Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed a sale leaseback transaction for a two-story, Class A industrial property located at 2250 Agate Court in Simi Valley, California. At closing, the seller executed a long-term lease to continue occupying the 30,812-square-foot manufacturing facility. Stan Johnson Company’s David Wirgler represented the buyer, an individual investor from Southern California.
“We were able to successfully negotiate a 10-year sale leaseback structure that allowed the seller to maximize value in today’s highly competitive market while providing the buyer a highly stabilized, long-term investment,” said Wirgler, Associate Director in Stan Johnson Company’s Newport Beach, California office. “The real estate fundamentals of the deal were excellent, and it was critical to ensure both parties were able to achieve their goals in a market that often places industrial buyers at a disadvantage to their seller counterparts.”
The property is home to Milodon Inc., a recognized leader in the design and manufacturing of top-quality racing and marine equipment. The asset was built in 1985 and sits on 1.47 acres in a master planned business park in a dense northwest suburb of Los Angeles, California.
About Stan Johnson Company:
Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm provides acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $40 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services. To learn more about Stan Johnson Company, please visit: www.stanjohnsonco.com.