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Oak Park Shopping Center in Thousand Oaks sells for $28.3 million

By   /   Thursday, January 5th, 2017  /   Comments Off on Oak Park Shopping Center in Thousand Oaks sells for $28.3 million

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The Oak Park Shopping Center in Thousand Oaks.

The Oak Park Shopping Center in Thousand Oaks was sold for $28.3 million, CBRE Group announced on Jan. 5.

New Oak Park LLC, represented by CBRE’s Alex Kozakov, Patrick Wade, Larry Tanji and Scott Siegel, sold the 74,300-square-foot center to a private investor, who was represented by Paley Commercial Real Estate.

The center on Lindero Canyon Road is anchored by CVS pharmacy and also hosts UPS and Goodwill. It is 98 percent occupied.

“This is one of the largest retail centers developed in the Oak Park area with an established and loyal customer base,” Kozakov said. “The sale presented its challenges, as the CVS parcel was not part of the sale. However, The Oak Park Shopping Center provides daily-use retailers that have proven to be irreplaceable and fairly immune from e-commerce competition.”

• Contact Alex Kacik at [email protected]

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