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SYLMAR, CA-Topanga Oil Products Co., an oil and lubrication manufacturing company that has done business in Southern California for more than 30 years, has purchased a 39,800-sf industrial building at 12884 Bradley Ave. for $3.5 million, according to Lee & Associates. Ron Feder and Chris Dorland of Lee & Associates’ Calabasas office represented the seller. Isak Varol Trust, with the buyer represented by Trevor Gale and Ron Kassan of the Beitler Co. Dorland reports that Henry and Dan Spitzer of Topanga Oil Products were attracted by the abundant warehouse space and large storage yard at the building. He notes that the seller will be relocating to a similar size building in the coming months.

In separate industrial sales in the Simi Valley, Lee & Associates-LA North/Ventura Inc. reports that buyers acquired buildings totaling approximately 22,844 sf for $3.5. The properties included an 11,329-sf building that sold for $1.7 million at 4511 Ish Drive and an 11,715-sf building that sold for $1.8 million sale located at 4537 Ish Drive. The seller in both cases was D&B Simi LLC, which was represented by Mike Tingus, Colin Foutz and Randy Kobata of Lee & Associates. The buyer in the first transaction was Voss Industries, a manufacturer of aerospace, automotive, defense and industrial products, which was represented by Terry Sicilliano of ReMAX Simi Valley. In the second deal, buyer P.W. Gillibrand Co., a manufacturer of construction sand and gravel, was represented by Bobby Swanson of Troop Real Estate. Kobata comments that the sales prices in both of the transactions set a new benchmark for such properties in this market.

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