Stos Partners Acquires Industrial Property In Simi Valley For $20M

The industrial property located at 2320-2380 Shasta Way in Simi Valley was recently sold. The property spans 125,000 square feet and is situated in the industrial market. It was sold for a total of $20,000,000, resulting in a price per square foot of $160. The transaction took place on July 1, 2021.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,000,000
• Address: 2320-2380 Shasta Way, Simi Valley
• Market: Simi Valley

The buyer of the property is Stos Partners, while the seller is the Rasmussen Family. The buyer was represented by Dan Cherrie from CBRE. These key individuals and companies played vital roles in the transaction.