Albert Halami Acquires Property At 685 Cochran St Simi Valley For $11 Million With Grant Fulkerson As Seller's Representative

The property asset involved in this transaction is a 60,416-square-foot R&D facility located at 685 Cochran St, Simi Valley, CA, 93065. It was sold for $11,000,000.00 within the Simi Valley market, translating to $183 per square foot, one of the highest prices in the region for this type of asset. The facility, built in 1986, is fully leased and features two stories, clear heights ranging from 22 to 24 feet, and has been upgraded with approximately 20,000 square feet of general and engineering office space.

Summary of transaction details:

• Property Type: R&D Facility
• Transaction Amount: $11,000,000.00
• Square Footage: 60,416
• Address: 685 Cochran St, Simi Valley, CA, 93065
• Market: Simi Valley
• Buyer's Name: Albert Halami
• Seller's Representative: Grant Fulkerson (Lee & Associates)
• Seller: 685 Cochran Holdings

Grant Fulkerson, alongside President Mike Tingus and Associate Will Poole from Lee & Associates, represented the seller in this sale-leaseback transaction. Albert Halami, the private investor, will retain the leasing efforts managed by the same Lee & Associates team. Following the sale, the seller, 685 Cochran Holdings, continues its operations at the property through its business SensoScientific, which specializes in temperature monitoring systems for the healthcare sector.