October 2, 2019
Jafra Cosmetics International, Inc. completed a $28-million sale-leaseback of a 126,238-square-foot office/warehouse facility in Westlake Village, CA. The buyer was PS Southern California One, Inc.
The two-story property, located at 2451 Townsgate Rd., was built in 1978 and is situated on a large 9.6-acre parcel. The property is in a prime Westlake location with signage visibility and immediate access to the 101 Freeway.
The building was occupied by Jafra Cosmetics, which will leaseback roughly 46,000 square feet of office space as its headquarters. The new owner plans to develop the remaining portion of property into Public Storage 2451 Townsgate Rd. in Thousand Oaks, CA.
NAI Capital’s Tim Foutz, Ken Simons, Chris Jackson and Todd Lorber handled the sale for both parties.
For comments, questions or concerns, please contact Dennis Kaiser