Mercatus Partners Acquires 105215 SF Industrial Asset In Thousand Oaks From Montana Avenue Capital Partners For $36.25M

Mercatus Partners acquired an industrial property located at 2000 Corporate Center Drive in Thousand Oaks for $36.25 million. The asset spans 105,215 square feet and sits on 6.7 acres in a market characterized by historically tight vacancy. The property was sold by Montana Avenue Capital Partners and is fully leased to tenants Tesla and Alcatel-Lucent on long-term triple-net leases.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $36,250,000
• Address: 2000 Corporate Center Drive
• Market: Thousand Oaks
• Square Footage: 105,215
• Price Per Square Foot: $345
• Seller: Jeremy K. Rogers - Montana Avenue Capital Partners
• Buyer: Christopher Russell - Mercatus Partners
• Brokers: Anthony DeLorenzo, Mark Shaffer, Mike Longo, Sean Sullivan, Joe Cesta & Eric Cox - CBRE
• Lender: Argentic Real Estate Finance

This transaction involved key players, with the brokerage team from CBRE facilitating the sale. The deal underscores sustained institutional demand for stabilized industrial assets in the area, contributing to the allure of this fully leased property.