Colliers Completes Sale of Simi Valley Industrial Facility
38,675 SF Industrial Facility for Natural Aged Flooring
Colliers International has completed the sale of a 38,675-square-foot industrial facility located at 2175 Agate Court in Simi Valley, California in a transaction valued at nearly $4 million, company officials have announced.
“Naturally Aged Flooring was looking for a building to purchase for their growing business,” said Colliers Associate Vice President Patrick DuRoss. “They were quickly outgrowing their existing building and retained us to help them find a larger facility with ample dock-high loading and clear height.”
Joining DuRoss on the brokerage team were Senior Executive Vice President John DeGrinis, SIOR, and Senior Associate Jeff Abraham, all based in the firm’s Encino office. Colliers represented both the seller, Agate Court II, LLC, and the buyer, Naturally Aged Flooring.
At the time, we were marketing half of the Agate property for lease, but the owners said they would consider a sale,” said DeGrinis. “Naturally Aged Flooring utilized SBA financing to buy a building larger than what it needed, but with in-place income on half of the building.”
DuRoss added, “It is encouraging to see a great family-run business like Naturally Aged Flooring, one that is directly related to the housing industry, thriving and growing. It’s a good sign for the economy.”
Constructed in 1988, the building offers four dock-high loading doors, 24-foot ceilings in the warehouse, ample parking, immediate access to the 118 Freeway, and is divided into two units. The buyer will use one unit for its flooring company, while the other unit will continue to be leased to another tenant.