SOLD
Primestor Development Acquires Esplanade Shopping Center In Oxnard For $90M
195 West Esplanade Drive
Retail
357,000 SF
357,000 SF
Sold 31 days ago
Summary
Sale
CALIFORNIA
Retail
357,000 sqft
The Esplanade Shopping Center located at 195 West Esplanade Drive in Oxnard, CA has been acquired by Primestor Development for $90 million. The retail property spans 357,000 square feet with a price per square foot of $252. This acquisition marks Primestor's expansion of investment activities beyond Los Angeles.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $90,000,000
- Buyer: Lonnie Vidaurri, Alán Sneider & Rhiana Lindsey - Primestor Development
- Market: Oxnard
Primestor Development, led by Lonnie Vidaurri, Alán Sneider, and Rhiana Lindsey, has strategically acquired the Esplanade Shopping Center. The center boasts a 94% occupancy rate and a diverse tenant mix which includes major anchor stores such as Home Depot and Walmart Neighborhood Market. With a focus on community engagement and local empowerment, Primestor aims to collaborate with tenants and community stakeholders to enhance the retail experience within the center.
Details
SOLD
IMAGE: 04/08/2024
ADDRESS: 195 West Esplanade Drive
MARKET: Oxnard
ASSET TYPE: Retail
BUYER: Arturo Sneider, Lonnie Vidaurri, Alán Sneider & Rhiana Lindsey - Primestor Development
SELLER: David Luski - DRA Advisors
SALE PRICE: $90,000,000
SF: 357,000 ~ PPSF: $252
NOTE: Primestor Development has acquired the Esplanade Shopping Center in Oxnard, CA, for $90 million, expanding its investment beyond Los Angeles. With a focus on community engagement and local empowerment, Primestor aims to leverage the center's 94% occupancy and diverse tenant mix, including anchor stores like Home Depot and Walmart Neighborhood Market, to curate a vibrant retail experience in collaboration with tenants and community stakeholders.View on map
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Address195 West Esplanade Drive
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