Ventura office complex changes hands

Government agency occupies majority of space

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Brokerage Lee & Associates negotiated the purchase of a two-building office portfolio in Ventura, Calif., for a price of nearly $10.5 million. A limited liability company, VG7A LLC, sold the buildings to BM Properties. Located at 4601 and 4245 Telephone Road, the multitenant buildings total 60,842 square feet. At the time of sale, the County of Ventura occupied more than 50 percent of the space with the remainder leased to private businesses. The government agency also occupies a large adjacent building owned by a separate entity. ...