Vacant land, buildings sold in L.A. area

Lee & Associates has completed three sales totaling $21.7 million in California's Los Angeles and Ventura counties.

The deals, which total 247,137 square feet, include the sale of a land parcel in Calabasas, and a vacant office building complex and an industrial property in Moorpark.

The 27,137-square-foot land parcel is located at the northeast corner of Lost Hills Road & Agoura Road in Calabasas. Cypress-Calabasas LLC sold the lot to Dollinger Properites for $3 million.

The vacant office building, which totals 116,000 square feet, is located at 5898 Condor Drive in Moorpark. Moorpark Plaza LLC sold the two-story property to BCP-5898 Condor LLC for approximately $10.8 million. The buyer plans to renovate extensively by building out the second-floor mezzanine to accommodate tenants requiring 5,000 to 116,000 square feet of space. The project, once completed in the first quarter of 2007, will provide ample parking.

The two-story industrial building, which totals 104,000 square feet, is located at 5152 Commerce Ave. in Moorpark. York Moorpark Industrial LLC sold the five-acre property to MacLand LLC for $7.9 million.

Sherman Oaks, Calif.-based Lee & Associates-LA North/Ventura Inc. provides commercial real estate services throughout the San Fernando Valley and surrounding communities.

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