Majestic Asset Management Acquires Property At 320 Storke Rd In Goleta For $50.7M With Francois DeJohn As Buyer's Rep

A six-building industrial/R&D campus located at 320 Storke Rd, Goleta, CA, 93117 has been sold for $50,700,000. The total size of the property is 194,625 square feet and is situated on 11.9 acres within the Goleta market.

Summary of transaction details:

• Property Type: Industrial/R&D Campus
• Transaction Amount: $50,700,000.00
• Address: 320 Storke Rd, Goleta, CA, 93117
• Market: Goleta
• Buyer: Majestic Asset Management
• Buyer's Representative: Francois DeJohn

The transaction was executed as an off-market deal and is part of a portfolio previously managed by The Towbes Group. Several tenants occupy the asset, including Lockheed Martin, Alcon Research, Electro Optical Industries, The Good Work Space, DeLabs, and Santa Barbara Imaging Systems. Steve Hayes of Hayes Commercial Group also represented the buyer in this transaction.