Amazon signs 200,000-square-foot lease in Ventura County
Amazon.com Inc. has signed a long-term lease for a 202,421-square-foot industrial building in Ventura County. The recently refurbished property, located at 6000 Condor Dr. in Moorpark, California, features 16 dock-high positions, 24-foot ceiling clearance and a secure fenced yard with parking for up to 405 vehicles.
Situated right off State Route 118 near the 23 interchange, the location offers easy access to the Southern California region.
Terms were not disclosed.
Bram White, executive vice president at DAUM Commercial Real Estate Services, along with Don Thordarson of Donald J. Thordarson Inc. represented the lessor interest through Transwestern Development Co., which also developed the project and manages the property.
“Don and I helped the lessor acquire this property in 2018 and had a comprehensive understanding of the goals for this investment,” White said. Tim Wallace of Cushman & Wakefield represented the tenant.
The Amazon (NASDAQ: AMZN) lease comes as the industrial real estate market in Greater Los Angeles saw asking rates hit another record high and vacancy rates fall below pre-pandemic levels in the second quarter, according to CBRE Group Inc. (NYSE: CBRE).