DAUM COMMERCIAL HELPS INNOVATIVE PET PRODUCT MANUFACTURER EXPAND IN OXNARD, CA WITH ACQUISITION OF INDUSTRIAL WAREHOUSE PROPERTY
DAUM Commercial Real Estate Services has directed the acquisition of an approximately 14,190 square-foot industrial building in Oxnard, California on behalf of Fresh Patch, a manufacturer and distributor of one-of-a-kind pet products, including dirt-free real grass patches.
The acquisition comes as part of the expansion of the innovative company, which has been featured on ABC’s Shark Tank and NBC’s Today Show, as well as named one of Oprah’s Favorite Things, according to Bram White, Executive Vice President at DAUM Commercial Real Estate Services, who directed the acquisition alongside Mark Kotake, Associate Vice President at DAUM.
“Based on exceptional success over the past few years, Fresh Patch was looking to more than double its space in Ventura County to accommodate an increasing demand for its unique pet products,” explains White. “We were able to identify a quality industrial warehouse to accommodate the growth within three miles of the company’s previous location, helping facilitate a smooth transition.”
Kotake adds that the DAUM team was able to secure this property in the tight Oxnard/Port Hueneme submarket, which saw a sub-2% direct vacancy rate in Q1, on Fresh Patch’s behalf due to the a deep knowledge of the local industrial landscape and longstanding relationships.
He says: “The warehouse is ideally located near established corporate neighbors and in close proximity to area highways, providing easy access to Southern California’s ports and major population hubs.”
Andrew Feld, Founder and President of Fresh Patch, says: “We are excited to seize this opportunity to expand our facilities in order to increase our production and distribution capabilities and meet the demand of pet owners nationwide. It was a pleasure to work with the DAUM team and we look forward to utilizing this new space to continue to achieve our growing business goals.”
The industrial warehouse features 2,500 square feet of office, nearly 20-foot clear height, three ground-level doors, and an enclosed truck well with dock-high loading.
The property, located at 1741 Ives Avenue in Oxnard, California, was acquired for $2.675 million. Art Chavez of REMAX represented the seller in the transaction.
About DAUM Commercial
DAUM Commercial Real Estate Services is a leading provider of commercial real estate services including brokerage, tenant representation, consulting, leasing, sales and property management. Founded in 1904, DAUM focuses on longstanding client relationships and draws upon its century-long track record to deliver steadfast insights and proven results to clients across the U.S. DAUM has ten offices throughout Southern California and Arizona. More information is available at www.daumcommercial.com.