Sares Regis Group has sold two industrial buildings in the Conejo Spectrum Business Park Buildings for $69.5 million. The two headquarters-distribution buildings total 172,516 square feet. An unnamed private investment group purchased the properties. At $402 per square foot, the pricing was a record for the market.

Located at 1515 Rancho Conejo Blvd and 1489 Lawrence Dr., the two properties feature 17 dock-high doors, two ground-level doors, 30 feet of clear height, 1,000 amps, 277-480 volts, three-phase power, 201 parking stalls, 28 EV and bike parking stalls, and secured trucking. The property at Rancho Conejo totals 88,946 square feet, while the property on Lawrence Drive is 83,570 square feet. The Conejo Spectrum Business Park is located near several major freeways, universities and neighborhoods.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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