Los Angeles, CA –– NAI Capital Commercial is pleased to announce that Vice President Lucy Hartford with NAI Capital Commercial’s Investment Services Group negotiated the purchase of 1.23 acres of commercial land in Woodland Hills, California. Lucy represented the buyer, 20401 Ventura Boulevard, LLC, in the transaction. The seller was 20401 Ventura LLC, a California limited liability company. The total sale price was $10,780,000 or $201 per square foot.
The land is located at 20401 Ventura Blvd in the West San Fernando Valley. The property is strategically located on Ventura Boulevard, with excellent visibility next to Highway 101 between De Soto Avenue on the West and Winnetka Avenue on the east. The new owner plans to develop the site into self-storage, incorporating the asset into their substantial self-storage business.
Lucy said, “The strong demand for land/development in the San Fernando Valley continues to outpace supply. Lucy added, “The subject site fits well into the expansion plans of the buyer and the demand for storage in the west San Fernando valley as more multifamily developments come online.”
About NAI Capital Commercial
NAI Capital Commercial is the largest agent and employee-owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, a leading global commercial real estate services firm with more than 300 brokerage offices and over 5,100 professionals spanning the globe, NAI Capital Commercial provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital Commercial offers innovative, customized solutions and seamless service to owners, tenants, investors, and developers throughout Southern California. Our clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital Commercial we work together putting our clients first.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,100 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
