OXNARD, CA-Silver Strand Equity Ltd., a partnership of locally based Teitelbaum Development, plans an $8.5 million, 95,280-sf business park designed for expanding firms seeking combined industrial and office space.
Silver Strand recently bought the development site, a 6.5-acre tract at Rose Avenue and Westar Drive, according to Michael Walsh and Melinda Walsh of DAUM Commercial Real Estate Services. The Walshes represented the buyer and the seller, a Goldrich and Kest partnership.
The DAUM brokers said the new development will include 14 office/industrial buildings ranging in from 5,130 to 11,390 sf, available for sale or lease. Groundbreaking is scheduled for early 2003, with completion slated for September, 2003.
Many of the buildings will feature 480-volt power and dock high loading, which is rare in buildings of this size, Michael Walsh said. He cited strong demand for spaces of this size from growing firms in the Oxnard market and said Daum is already talking to several prospective buyers.