609 Science Drive, Moorpark, CA 93021

Price: $17,200,000.00

Property Description

Colliers International is pleased to offer the opportunity to purchase a modern, high-cube manufacturing/distribution building that is fully leased through December 2022.

The building is occupied by AG Machining (www.agm.us.com) and a related company, RXL Inc.  AG Machining specializes in the manufacturing of custom metal products for communication and technology industries.  AG Machining has created a state of the art facility that is recognized worldwide and has invested millions of dollars in infrastructure representing a secure tenancy for the ownership.

According to current market reports, the Los Angeles basin has an overall vacancy of 1.7% with no appreciable land for development.  This highly impacted market presents the owners with the opportunity to dramatically increase rents when the leases terminate in December, 2022.

The building is ideally located at 609 Science Drive, Moorpark, California 93021, just off the intersection of the 118 Freeway and Highway 23 and has many amenities within walking distance.  The high ceilings, large rear yard, abundant loading docks and heavy electrical service makes this building an ideal distribution or manufacturing facility.  Furthermore, its flexible design allows for the potential to split the building in the future for multi-tenancy.  This is an outstanding opportunity for an investor to control one of the premier buildings in the Los Angeles area.

Offering Memorandum

Quick Summary

Property ID:
1693
Property status:
In Escrow
Property type:
Location:
609 Science Dr, Moorpark, CA 93021, USA
Building Size:
134,300 SF
Available Space:
134,300 SF
Lot Size:
6.21 Acres

Map

Contact Agent

Greg Barsamian
Greg Barsamian has over 34 years of experience as an industrial and commercial broker in the Los Angeles County region. With over 500 million square feet of industrial and corporate office lease and sale transactions.
818.334.1901
greg.barsamian@colliers.com