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Younan Properties Acquires Southern California Property "Younan Rancho Towncenter"


Younan Properties Acquires Southern California Property “Younan Rancho Towncenter”
Real Estate Firm Expands its Blueprint with Commercial/Retail Hybrid Property
With an exceptional locational advantage, the property has immediate access to the 101 Highway and is just minutes from the 23 Highway, perfectly located in between the desirable Ventura and Los Angeles counties.
With over 1.5 acres of prime land just off of Thousand Oaks Blvd., this two-story complex offers an exceptional floor plate flexibility, with various suite-sized options that maximize tenant reach to both office and retail usage. The well-positioned land provides the potential for future expansion and redevelopment, as Younan Properties already has plans to completely renovate the property’s exterior and interior, rebranding it as a “Class-A” asset. ....

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Garden Gateway Plaza sells for $11.2M


Garden Gateway Plaza has sold for $11.2 million to Idaho-based Alturas Capital.
Presidio Property Trust sold the three-building office complex in an off-market transaction that closed Feb. 19 and was announced last week. 
Located at 1355, 1357 and 1365 Garden of the Gods Road, Garden Gateway Plaza totals 115,052 square feet on 7.42 acres.
The property was 92 percent leased at the time of sale. 
Patrick Deveraux, James Brady and Campbell Davis with CBRE Capital Markets represented Presidio Property Trust.
Alturas also purchased the three-building NorthCreek Office Complex in northern Colorado Springs from Younan Properties in a $47 million deal announced in February. ....

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