Thank you for sharing!

Your article was successfully shared with the contacts you provided.

THOUSAND OAKS, CA-Village Medical Building, reportedly the first medical building erected in Thousand Oaks, has been sold to a San Fernando Valley investor for $2.1 million, according to Westcord Commercial Real Estate Services.

Don Swanson of Westlake Village-based Westcord says the buyer acquired the fully leased, 15,000-sf structure at 166 N. Moorpark Rd. in Thousand Oaks from a Los Angeles-based private investor. Swanson and Tony Principe of Westcord represented the buyer and the seller.

Swanson, who was the leasing agent for the 1960s vintage building, says the new owner currently is in the process of remodeling the three-story concrete block structure. He tells GlobeSt.com that Westcord believes medical building is the first of its type that was constructed in Thousand Oaks, a community where most development has occurred in the past 30 or 40 years. He says the facility is leased to a variety of tenants, mostly medical firms or practices. The seller owned the building for about 25 years.

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?

Dig Deeper


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.