NAI Capital’s Timothy Foutz Closed $3M Industrial Deal

NAI Capital’s Timothy Foutz Closed $3M Industrial Deal

MOORPARK, CA – June 29, 2012 – (RealEstateRama) — Timothy Foutz with the Encino office represented the Buyer, Cosaro and Tagliati Trusts, in the purchase of a 21,505 square foot industrial property located at 5245 Maureen Lane from the Seller, F&B Industrial Investments, and LLC. The value of the sales transaction was $3M.

“The acquisition of this facility supports the expansion of the Owners’ company, Picnic Time, Inc. to house their rapidly expanding product line and to meet the needs of their client’s,” said Foutz.

Located in a master planned business park built in the 1990s, this all concrete tilt up industrial facility includes approximately 21,505 square feet of high bay storage capability, 21’ clearance, and two 12’x14′ ground level loading doors. The property also features 5,000 square feet of office consisting of both individual offices and a large open space ideal for modular furniture systems for maximum flexibility. The facility has parking on three sides with a total of 49 spaces being provided.

The property is located within five minutes of the Moorpark (23) Freeway providing easy and quick access to the Ronald Regan (118) Freeway, the Ventura (101) Freeway, as well as access leads to all of the major arterial highways: the 405, 5, 210, 134, and 170. Major retail centers are also within a mile radius of the site and provide amenities to meet all of the interests and tastes of visitors and employees.

About NAI Capital

NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California affiliate of NAI Global, a premier real estate service network with 350 offices spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services. To learn more, visit www.naicapital.com. NAI Capital Brokerage DRE #00806840

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Contact:

Sharon Fitzgerald
Public Relations Manager
NAI Capital, Inc.
16001 Ventura Blvd., 2nd Floor
Encino, CA 91436
tel 818 905 2400 x 155
fax 818 905 2425
www.naicapital.com

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