As part of its ongoing expansion, Younan Properties has acquired 60 & 100 Rancho Road, a rare boutique of executive office buildings located in Thousand Oaks, California. The property has immediate access to the 101 Highway and is just minutes from the 23 Highway, between Ventura and Los Angeles Counties.
With over 1.5 acres of land just off of Thousand Oaks Boulevard, this two-story complex is poised for repositioning. Younan Properties already has plans to completely renovate the property’s exterior and interior, rebranding it as a “Class-A” asset. The property will be renamed Younan Rancho Towncenter.
“The Southern California real estate market is one that we have been quickly expanding into because of the high demand for commercial spaces,” said Younan Company Chairman & CEO, Zaya S. Younan. “This is an excellent property in a highly desirable location, as Thousand Oaks is one of the highest-density neighborhoods located next to the best restaurants, hotels and shopping centers, making it the ideal tenant location.”
Younan Properties represented itself in the transaction. CBRE, led by Mark Shaffer and Gerard Poutier, represented the seller in the sale.