Chesser Group Acquires Moorpark Property From London Reo Retail-CA For $20M With Avison Young Representation

The Village at Moorpark is a community shopping center located at 706 W Los Angeles Ave, Moorpark, CA. The asset has a transaction value of $20 million and encompasses a total area of 129,374 square feet. As of the sale date, the property, built in 2007, was situated on 11.5 acres and was 76.3 percent occupied, hosting tenants such as Petco, Dick’s Sporting Goods, Verizon, Bank of America, and Leslie’s Pool Supply.

Summary of transaction details:

• Property Type: Community Shopping Center
• Transaction Amount: $20,000,000.00
• Address: 706 W Los Angeles Ave, Moorpark, CA
• Market: Moorpark
• Buyer: Chesser Group
• Seller: London Reo Retail-CA
• Buyer's Representative: Christopher (Chris) Maling, David Maling (Avison Young)

Chris Maling and David Maling of Avison Young represented both the buyer, Chesser Group, and the seller, London Reo Retail-CA, in this transaction. This arrangement highlights the integral role of Avison Young in facilitating the deal between the involved parties.