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Westcore Snags Industrial Building in Moorpark

San Diego-based Westcore Properties acquired a 114,556-square-foot, light-industrial building at 6100 Condor Dr. in Moorpark, CA from Ventura-based Marcus Adams Capital, LLC for $13.8 million. The 24-foot, clear-height building sits on a 4.98-acre site and is fully occupied by two tenants, Test Equity and Shred-It.

The property is off the 118 Freeway in the supply-constrained Simi Valley industrial submarket. An adjoining 2.55-acre unimproved parcel, also included in the sale, is zoned for industrial development.

Westcore’s Mike Metzger says, “We plan to actively manage this property for the long-term benefit of the existing tenants. Additionally, we will explore ways to unlock value on the adjacent, 2.55-acre, freeway-fronting parcel through entitlement and potential development.”

NKF’s Bret Hardy, Ryan Plummer, Sean Fulp and Brad Burton represented Marcus Adams Capital in the transaction, while Westcore was self-represented.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

  • ◦Sale/Acquisition
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