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SIMI VALLEY, CALIF. — CBRE Group Inc. has brokered the sale of Woodlands Plaza, a shopping center located at 530-660 E. Los Angeles Ave. in Simi Valley. DP Grand Simi LLC acquired the 61,373-square-foot property for $15.9 million.
The center is located on four parcels totaling 6.7 acres and has traffic counts of more than 38,000 vehicles per day.
The property is 81 percent occupied to a variety of tenants, including Fantastic Sam’s, Goodwill, H&R Block and Subway.
Alex Kozakov, Patrick Wade and Maxx Cohen of CBRE represented the seller, B/C Sinaloa Plaza LLC, in the transaction.