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.

Majestic Asset Management, Inc. & JS/JS Properties, Inc. Acquire the Townsgate Business Park.

The Townsgate Business Park is located in Thousand Oaks, CA. The building is 73,888 SF spread over 5.30 acres and ideally situated on Townsgate just west of Westlake. The property will undergo an extensive renovation to the landscaping and exterior modernizing the asset and creating a “tech” feel with outdoor common areas. This represents the seventh property acquired by the Majestic/JS joint venture.

Majestic Asset Management, Inc. & JS/JS Properties, Inc. Acquired the Warner De Soto Office Building

Majestic Asset Management, Inc. & JS/JS Properties, Inc. acquired the Warner De Soto Office Building located at 5955 De Soto Avenue in Warner Center (Woodland Hills), CA. The 53,406 SF over 2.9 acres property is ideally situated on the prime corner of De Soto and Oxnard. At the time of acquisition the property was over 95% leased anchored by the credit tenant’s University of Phoenix and Accredited Nursing. Warner Center is a 1,100 acre master-planned community that has continued to evolve into one of the most important business areas and work environments in Los Angeles with benefits such as excellent...