InSite Property Group LLC Acquires Mission Oaks/Camarillo Office For $11M

An off-market sale recently took place in the Mission Oaks/Camarillo market, involving an office building located at 5300 Adolfo Road. The property, with a total area of 181,354 square feet, was converted from a flex building into a self storage facility. The transaction was completed on November 12, 2019.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $11,000,000
• Market: Mission Oaks/Camarillo
• Address: 5300 Adolfo Road

The buyer, InSite Property Group LLC, acquired the property from the seller, LBA Realty Group. The deal was facilitated by brokers Gary Cohen and James DeBuiser from Marcus & Millichap Ventura.

The property was sold at a price of $11,000,000, with a per square foot value of $60.65. This off-market sale not only highlights the demand for self storage facilities but also signifies the potential for repurposing flex buildings in the Mission Oaks/Camarillo market.