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Lee & Associates Transacts Largest Office Park Sale in Ventura County for $10.85 Million
Philanthropist investor buys Creekside Executive Center in Camarillo
The $10.85 million sale is one of the largest transactions to take place in Ventura County in the last few years.
“Mr. Kavli’s lifelong passions have been nanoscience, astrophysics and neuroscience, so we’re proud to know that this premier Class A property has found a place alongside those lofty pursuits,” Tingus said. “Seriously, though, when a businessman of Fred’s caliber has enough confidence to invest in the market, it’s a good sign for commercial real estate here.”
The business park, located at 4001-4087 Mission Oaks Blvd. in Camarillo, Calif., consists of 14 buildings including a 2-story, 55,322-square-
The team of Tingus, Kim and Ochoa, which is marketing the business park on behalf of Sunbelt Enterprises, has received considerable interest in excess of 40,000 square feet for Building A, a 55,322-square-
“It has been a pleasure to work with Sunbelt Enterprises and its Vice President of Real Estate Richard Green, who was instrumental in this transaction,”
The new owner of the property, Sunbelt Enterprises, was established by Fred Kavli, a native of Eresfjord, Norway, and the founder of Kavlico, a Moorpark, Calif.-based manufacturer of sensors for the aeronautics and automotive industries. He began investing in real estate about 50 years ago. Kavli sold Kavlico in 2000 and established The Kavli Foundation, which supports research in his three primary areas of interest: nanoscience, astrophysics and neuroscience. The Kavli Foundation has established 15 institutes worldwide, 10 of which are in the U.S., including Columbia, Stanford, Yale, Caltech and UCSB. Several years ago Kavli established The Kavli Prizes in partnership with the Norwegian Academy of Science and Letters and the Norwegian Ministry of Education and Research. The prize, which has been called the 21st Century equivalent of the Nobel Prize, awards $1 million for outstanding scientific research in each of the three study areas every two years.
Besides the company he built in Ventura County, Kavli is probably best known locally for the Fred Kavli Theatre for Performing Arts at the Thousand Oaks Civic Arts Plaza.