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| 101 West Cochrane Street, Simi Valley, CA |
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| Stacy Vierhellig-Fraser |
LOS ANGELES, CA, June 15,
2016 – Charles Dunn Company, one of the largest full-service regional real
estate firms in the western United States, has completed the $11 million sale
of a unique, state-of-the-art production and entertainment facility and Class A
office complex in Simi Valley, a growing hotbed for the entertainment industry.
Located at 101 West
Cochran Street, Dennis Slattery,
executive managing director, and Stacy
Vierheilig-Fraser, senior managing director, with Charles Dunn Company
represented the seller and previous user, the Adventist Media Center, which was
owned and operated by the North American Division of Seventh-day Adventists.
The buyer, Los Angeles-based real estate
investment firm, Kids from the Valley XIV, was represented by Keller Williams
Realty Calabasas. The buyer has formed Anjac Studios West to operate its new
facility which will continue to be used for a wide variety of
production-related activities.
“This property offered the
buyer a premier entertainment complex and world-class production facility,”
said Slattery. “It is also located within the 30-mile zone for use by union and
non-union film projects on-site, making the opportunity even more attractive.”
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| Dennis Slattery |
Situated on just over
seven acres, the office portion of the property was built in 1991 with the
studio complex built in 2000 by the seller who used the facilities to produce,
edit and broadcast around the world.
The property consists of two floors of office,
two studio production stages (Stage A and Stage B), post-production editing
suites, and warehouse space, along with other supporting features.
“As the tech and
entertainment industries in the greater Los Angeles region continue to expand,
the pro-business and amenity-rich environment of Simi Valley is reaping the
benefits as the area is a more economical and less-congested alternative to
other entertainment-focused LA submarkets,” said Vierheilig-Fraser.
The property is located in
the northwestern portion of Simi Valley within the Simi Valley Business Park.
Simi Valley is located in the southeast corner of Ventura County, bordering San
Fernando Valley. The city is 30 miles from Downtown Los Angeles and is served
by public transit as well as the 118 which connects with State Highways 23 and
101, Interstates 5, 405, and 210.
For a
complete copy of the company’s news release, please contact:
Darcie Giacchetto
949.278.6224
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