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Majestic Asset Management Acquires Two Office/R&D Buildings Near Santa Barbara for $24.2M

175-Cremona-Dr-Goleta-CA

Resonant, Surgical Eye Expeditions International and Ricardo Defense are tenants at the 51,167-square-foot office/R&D building at 175 Cremona Drive in Goleta, Calif. (Photo credit: Jim Bartsch)

GOLETA, CALIF. — Agoura Hills, Calif.-based Majestic Asset Management has purchased two office and R&D buildings situated on adjacent parcels in Goleta. An undisclosed seller sold the asset for $24.2 million.

Located at 125 and 175 Cremona Drive, the buildings offer a total of 133,299 square feet of space situated on 8.17 acres. Medtronic occupies 125 Cremona Drive, but will vacate the 82,132-square-foot building in February. Resonant, Surgical Eye Expeditions International and Ricardo Defense are tenants at the 51,167-square-foot property at 175 Cremona Drive.

Francois DeJohn and Steve Hayes of Hayes Commercial Group represented all parties in the sale transaction.

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