Brad Pennington, Steve Elson, And Jeremy K. Rogers Sell Carpinteria Office Building For $44M

Brad Pennington, Steve Elson, and Jeremy K. Rogers have sold an office property located at 6303-6309 Carpinteria Ave. in Carpinteria. The property, spanning 121,230 square feet, was sold for a total price of $44,000,000, resulting in a price per square foot of $362. The transaction took place on February 16, 2021.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $44,000,000
• Property Address: 6303-6309 Carpinteria Ave.
• Market: Carpinteria
• Square Footage: 121,230
• Price per Square Foot: $362

Brad Pennington, Steve Elson, and Jeremy K. Rogers, representing Montana Avenue Capital, served as the sellers in this transaction.