X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

OXNARD, CA-Partners Elliott Dolin and David Hager of Los Angeles-based Pacific Prime Properties have acquired their third major Ventura County acquisition in the past 10 months, a 104,073-sf manufacturing and distribution facility that was solely occupied by Ransco Industries for 25 years.

Mitch Conlee of the Camarillo office of Daum Commercial Real Estate says the Pacific Prime partners purchased the property from Ransco Industries for approximately $5 million. The facility is strategically located on 7.6 acres at 1440 Statham Parkway, with 700 feet of frontage along Oxnard Boulevard. Conlee represented Ransco Industries and teamed with George Eales and Mike Walsh, also in Daum’s Camarillo office, to represent the buyers as well.

Ransco, which manufactures simulator and emission test facilities for the auto industry, erected the building for its own use in 1985. In the last six months, the firm relocated its manufacturing activities to Minneapolis. The company retains administrative, sales and engineering offices on Solar Drive in Oxnard.

Conlee, who says the former Ransco building is “rare in the market for its size,” reports that the facility is now available for lease, with Conlee, Eales and Walsh as the listing agents. The building is a concrete tilt-up design with 21,000 sf of office space, fenced and gated yard, outside storage and 364 parking spaces.

Earlier, partners Dolin and Hager acquired a 240,598-sf property on 14.7 acres in Ventura and a 112,000-sf building in Simi Valley, both Daum deals.

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?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join 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
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.