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Tuesday, Nov 29, 2022
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Simi Valley Warehouse Sells for $8.2 Million

The 53,799-square-foot Malabar International building in Simi Valley has sold for $8.2 million. The deal represents the highest industrial building sale and the largest property sold year to date in Simi Valley, according to CoStar Group data. The building, located on a 3.1-acre lot at 220 W. Los Angeles Ave., was completed in 1978. Malabar International, a supplier of aviation maintenance equipment, has its headquarters on the site. Brian Mallasch with Coldwell Banker Commercial NRT closed the sale on behalf of seller Eugene and Nancy Sweetland and Mary Laver. Paul Forbat with PCI Commercial represented the undisclosed buyer. Nick Lorenz and Michael Anderson with Wells Fargo Bank assisted the buyer with 90 percent Small Business Administration financing.

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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