Ron Stitch Sells Simi Valley Office Building On E. Los Angeles Avenue For $4.16M

An office property located at 5775 E. Los Angeles Avenue in Simi Valley has been sold for a price of $4,160,000. The property spans across 23,997 square feet, resulting in a price per square foot of $173. This transaction took place on April 19, 2021. The property is situated in the Simi Valley market.

Summary of transation details

• Property Type: Office
• Transaction Amount: $4,160,000
• Square Footage: 23,997
• Price per Square Foot: $173
• Market: Simi Valley

Ron Stitch acted as the seller in this sale. The brokers involved in this transaction were James DeBuiser from @JamesJDeBuiser and Gary Cohen. The deal was closed with a capitalization rate of 6.25%.