Majestic Asset Management, Inc.

Management • Investments • Development

Simi Warehouse Sells for Nearly $17 Million

A nearly 139,000-square-foot warehouse has sold in Simi Valley for $16.5 million. The industrial building at 2390 Ward Ave. sold in an off-market deal to Rexford Industrial Realty Inc., an industrial-focused real estate investment trust in Los Angeles, for almost $119 a square foot, according to Rexford. The seller was Majestic Asset Management Inc. of Agoura Hills, which bought it in 2012 for about $58 a square foot, or half the current selling price.

Redondo Beach Retail and Office Property Sold by Madison Partners for $5,800,000

Redondo Beach, California, August 3, 2016: Madison Partners announced today that it has completed the $5.8 million sale of 2772 Artesia Boulevard, a 17,000 SF neighborhood retail and office property in Redondo Beach, California. Madison Partners' Bob Safai, Matt Case, and Brad Schlaak brokered the transaction on behalf of the seller, Majestic Asset Management. The asset was purchased by a local private investor.