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Thursday, May 19, 2022

$1.2 Million Retail Property Deal Closes in Thousand Oaks

A 1,905-square-foot retail property has sold for $1.2 million in Thousand Oaks.The property is located at 1302 E. Thousand Oaks Blvd., on the corner of Cunningham Boulevard. Originally built in 1958, the building sits on an approximately 8,700 square foot parcel.Cheri Blessing, principal at Lee & Associates LA North/Ventura, negotiated the sale on behalf of buyer Deric Passmore and seller Danny and Shirley Trust 1997.The buyer plans to use the space for his guitar business Lovies Guitars.“Thousand Oaks continues to see strong sales and high demand for retail buildings,” Blessing said in a statement. “As challenging as the COVID-19 pandemic was for many small business owners, some saw it as an opportunity to take a risk and find a building of their own. … Even with low inventory for buildings, many are still seeking to buy properties in desirable locations in Ventura County.”

Michael Aushenker
Michael Aushenker
A graduate of Cornell University, Michael covers commercial real estate for the San Fernando Valley Business Journal. Prior to the Business Journal, Michael covered the community and entertainment beats as a staff writer for various newspapers, including the Jewish Journal of Greater Los Angeles, The Palisadian-Post, The Argonaut and Acorn Newspapers. He has also freelanced for the Santa Barbara Independent, VC Reporter, Malibu Times and Los Feliz Ledger.

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