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.
