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Thursday, Mar 28, 2024

Simi Medical Building Sold

Rand Medical Building in Simi Valley has sold for $2.9 million, according to commercial brokerage Marcus & Millichap in Calabasas. The 19,833-square-foot medical office property is located at 1633 Erringer Road. The property was 75 percent leased at the time of sale and sold all cash to a buyer who plans to occupy a portion of the building, the brokerage said. Gregory Mills, senior managing director of investments in Marcus & Millichap’s Encino office, represented the seller, an individual trust.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.

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