Majestic Asset Management, Inc.

Management • Investments • Development

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...

Majestic Asset Management, Inc., and Atlas Investments Acquired the Abrego Villas Apartments

Majestic Asset Management, Inc., in conjunction with Atlas Investments, acquired the 36 unit Abrego Villas Apartments conveniently located two blocks from downtown Isla Vista, four blocks from the UCSB campus and walking distance to the beach. Ideally situated in a market that has seen significant rent appreciation, this property will be completely upgraded and all units will be professionally renovated. This acquisition represents the fourth property Majestic has acquired in this market within the past 24 months. Majestic is a full service investment and property management company located in Van Nuys, CA.

Majestic Asset Management, Inc. & JS/JS Properties, Inc. acquire the Elm Lane Apartments

Elm Lane Apartments, an 18 unit apartment building located in Carpinteria. The tastefully remodeled complex is ideally situated close proximity to the beach and steps to the shops and restaurants of the Downtown. This represents the fifth property acquired by the Majestic/JS joint venture in the last 24 months. Majestic is a full service investment and property management company located in Van Nuys, CA