Mission Oaks Office Building Trades Hands

CAMARILLO, CA—A private investment group led by CPA Adrian Stern has acquired an 80,000-square-foot, class-A office building at the Mission Oaks Professional Center, GlobeSt.com reports exclusively. The property, which is located at 5141 Verdugo Way, traded hands for $12.8 million.

Industry veteran and KB Property Advisors broker Mark Paul represented both the buyer and the seller in the transaction. “The Mission Oaks Professional Center is in a really great area,” Paul tells GlobeSt.com. In the last five years, they have built this big shopping center right off of the freeway with really great shops. Camarillo has always been a great area, but the shopping center has made it a lot nicer, and this property has really benefitted from that. Although it is a class-A area, this retail presence has been really attractive to tenants.”