Lee & Associates- LA North/Ventura closes $1.5 Million Transaction in Prime East Valley Location

LOS ANGELES - July 27, 2021 - PRLog -- Lee & Associates LA North/Ventura brokers John Battle, SIOR, managing director and principal and Matt Benwitt, associate, have negotiated the sale of 4350-68 Eileen Street in Simi Valley. The property, which currently houses two buildings totaling approximately 7,500 SF, sold for the full asking price of $1,575,000. Battle and Benwitt represented the seller, Rathmann Family Trust and 4350-68 Eileen St., LLC to buyer Gevik Pirjanian.

"This is a great investment opportunity with abundant parking. There are major retailers nearby in a great location," said Battle. "Simi Valley is an attractive area for businesses. The expanding market presents extraordinary opportunity because it has been established as business-friendly while remaining a reasonably affordable community."

Located in East Simi Valley, the land totals approximately 30,500 SF. The space will be used for office or retail use, with short term and month-to-month leases. Tenants include a private gym, massage parlor, shoe repair, chiropractor, a barber shop, hair salon, liquor store and pet care.

"We have seen tremendous interest in Simi Valley because many business owners are looking for alternatives to Los Angeles County," adds Benwitt.

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About Lee & Associates - LA North/Ventura, Inc.
Celebrating 40 years of leadership excellence in commercial real estate, Lee & Associates is the largest broker-owned firm in North America with locations across the U.S. and Canada. With more than 900 brokers nationwide, Lee & Associates provides a wide range of specialized commercial real estate services on a local, regional, and national level. Lee & Associates-LA North/Ventura, Inc. provides industrial, office, retail, and multifamily/investment and development land brokerage services across the San Fernando Valley, Conejo Valley, Antelope Valley, and throughout Ventura County.