Investment Sale - 17,100 SF
Posted on May 11, 2012
Mike Wax successfully represented the seller in the investment sale of 2001 & 2005 Palma Drive in Ventura. The property consisted of two concrete block industrial buildings that were each divided into two units. The buyer, a private investor, plans on refurbishing the 40 year old buildings and gradually bringing the rents up to market. The buildings, which were situated on 1 acre of M2 zoned land, featured a corner location in the heart of Ventura's commercial-industral district, fenced yard areas, and 5 ground level loading doors. The property sold for $1.5 million.
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