Pacifica Sells Office Complex for $9.5 Mil

WESTLAKE VILLAGE, CA-The private investment and management firm from Santa Barbara sells the 41,397-sf property to Duesenberg Investment Co., which also recently made a $20-million purchase in the same market.

By David W. Myers | Updated on December 18, 2001

WESTLAKE VILLAGE, CA-A private investment group has paid $9.5 million for a 41,397-sf office building here in this community that straddles the LA and Ventura county line.

The low-rise complex stands at 200 N. Westlake Blvd. It was acquired by LA-based Duesenberg Investment Co.

The project was sold by Pacifica Real Estate, a private investment and management company headquartered in Santa Barbara. Brian Forster of Told Partners represented both parties in the transaction.Duesenberg is no stranger to the Westlake Village market. Last month, broker Forster said he represented the company in Duesenberg’s $20.4-million purchase of the 81,500-sf Westlake Plaza III office complex at 2815 Townsgate Road. Tony Principe of Westcord Commercial represented the seller, California partnership Plaza Centre III.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

Dig Deeper

Recommended Stories

Los Angeles Transfer Tax Yields Much Less Than Expected

Jack Rogers | March 23, 2023

Voters were promised housing fund of $900M, city lowers estimate to $672M.

Tread a Careful Legal Path Around AI Chatbots

Erik Sherman | March 24, 2023

Questions of potential copyright issues call for risk analysis.

Middle Market Digest: This Week in the South and Mountain Regions

Lisa Brown | August 10, 2018

Here’s a look at the trends, announcements and deals you may have missed in Texas, New Mexico, Colorado, Oklahoma and Arkansas.

Resource Center

The travel industry experienced a critical disruption with the pandemic. This white paper explores the lingering effects of the pandemic, takes a closer look at evolving traveler behavior, and analyzes what the resulting impacts are on foot traffic and surrounding businesses.

White Paper

Sponsored by Placer Labs Inc.

Navigating a New Normal in Business Travel

The travel industry experienced a critical disruption with the pandemic. This white paper explores the lingering effects of the pandemic, takes a closer look at evolving traveler behavior, and analyzes what the resulting impacts are on foot traffic and surrounding businesses.

Browse More Resources ›

Retailers faced a wide range of challenges in 2022. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023.

White Paper

Sponsored by Placer Labs Inc.

10 Top Retail Brands to Watch in 2023

Retailers faced a wide range of challenges in 2022. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023.

Browse More Resources ›

The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. What does this mean for CRE professionals? Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data.

eBook

Sponsored by PwC

Navigating interest rate disruption: How real-time data can facilitate better CRE decisions amid volatility

The current commercial real estate (CRE) landscape faces disruption from economic and geopolitical fallout. What does this mean for CRE professionals? Download this eBook and learn how CRE professionals can proactively manage economic challenges by leveraging the power of data.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2023 ALM Global, LLC. All Rights Reserved.