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Monday, May 29, 2023

Moorpark Industrial Building Sold

The Moorpark manufacturing and warehousing complex formerly occupied by Kavlico, the specialty sensor manufacturer now in Thousand Oaks, has been sold, according to brokerage Newmark Knight Frank. MCA Investments bought 14401 Princeton Ave., a 92,000-square-foot vacant industrial building, and 14399 Princeton, a 46,000-square-foot industrial building occupied by Turbonetics, for an undisclosed price, said Newmark Knight Frank Executive Managing Director Rick Sheckter. He and Executive Managing Director Robert Griffith brokered the sale on behalf of the seller, Sunbelt Enterprises. Sunbelt is the operating group that manages the assets of the Kavli Foundation in Los Angeles. A third building on the property also used by Kavlico, 14501 Princeton Ave., sold in recent months to Nearon Investments in Walnut Creek. “The attraction here is that the properties are right off the 118 freeway,” Schekter said. Kavlico, which was bought by Sensata Technologies in 2015, was founded by the late Norwegian physicist Fred Kavli. He founded the Kavli Foundation in December 2000 to support astrophysics, nanoscience, neuroscience and theoretical physics.

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