Shopping center sells for $4.4M

Faris Lee Investments, a retail advisory and investment sales firm, completed the $4.4 million sale of Shops at Camarillo Town Center.

The 8,000-square-foot property, built in 2002 at 415 W. Ventura Blvd., is occupied by Subway, T-Mobile, Lindora Weight Loss Center and Eyeglass Factory. It is part of Camarillo Town Center, a 457,128-square-foot center anchored by Home Depot, Target and other stores.

Chris DePierro, managing director, and Jeff Conover, senior managing director, of Faris Lee Investments represented the seller, a private investor from Orange County. The buyer, YS Properties LLC, was represented by Connie Kim of Coldwell Banker Wilshire.

The closing cap rate was 5.66 percent. The price-per-square-foot was $550, the highest per-square-foot price for a multi-tenant retail property in Ventura County in the past 12 months.


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