Kenneth Rethwisch Acquires Industrial Property In Ventura County For $20.25M

Located in Ventura County, the industrial property at 5898 Condor Drive has been sold in a recent transaction. The sale, which took place on January 19, 2022, involved a 130,308 square feet asset. The property was purchased by Kenneth Rethwisch for a total price of $20,250,000, resulting in a price per square foot of $155. The transaction was facilitated by Mike Tingus and Grant Fulkerson of Lee & Associates, who represented the buyer and seller respectively, Jeff Smith and Scott Ostlund.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,250,000
• Address: 5898 Condor Drive
• Market: Ventura County
• Square Footage: 130,308
• Buyer: Kenneth Rethwisch
• Seller: Jeff Smith & Scott Ostlund
• Brokers: Mike Tingus & Grant Fulkerson - SIOR, Lee & Associates

This closed property transaction showcases the involvement of key individuals in the deal. Mike Tingus and Grant Fulkerson from Lee & Associates served as the brokers, representing the buyer and seller respectively. Their expertise as SIOR professionals contributed to the successful completion of the transaction.