Real Investments is pleased to announce the successful sale of a cornerstone property in Midtown Ventura. 3850 E mainstreet sprawls approximately 2.45 acres of land adjacent to the 101 freeway with one side stretching across approximately 2 blocks of valuable sidewalk frontage. This large property includes 3 parcels and 3 free standing buildings that total approximately 18,500 sq ft of building space, all nestled just seconds away from access to both the 126 and 101 freeways.
The current tenants are excellent businesses in the Ventura County community, including WoodCrafters, 7 Day Tire, and Tello Automotive. Previously, one building was the site of Evita’s Mexican Food, a local hotspot that was in business for over 31 years
“The sale of this property reinforces my sincere belief that the development scene in Ventura is still rapidly growing and I was very pleased to broker a sale that landed this 2.45 lot into the hands of a local builder, Island View Properties LLC. With Ventura real estate steered by local developers and investors, we can greatly boost Ventura’s economic activity while still maintaining the city’s unique charm,” said Michael H. Hernandez, president of Real Investments.
The property was sold for $5,400,000 to a local company, Island View Properties LLC. There are possible opportunities for a long-term ground lease for the parcel that currently houses the building that used to be Evita’s Mexican Food. Please contact Real Investments for more information.
If you are a commercial property owner, please reach out to us to learn how we can set up your next investment so that you can enjoy a burden-free annuity of your property’s income with our management style and approach. 805-985-1000 / Info@Realinvestments.com
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