Marcus & Millichap Arranges the Sale of 51,401 Square Foot Industrial Redevelopment Land
THOUSAND OAKS, CA, August 21 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a ±1.18-acre Industrial/Mixed-Use land site located in Thousand Oaks, CA, according to Tony Solomon, Senior Vice President/District Manager of the firm’s Los Angeles office.
Christian Desnoes, Director of Investments, and Jon Emrani, Managing Director of Investments in Marcus & Millichap’s Los Angeles office, had the exclusive listing to market the property on behalf of the seller, a private investor.
The buyer, a private investor, was secured and represented by Desnoes and Emrani. “We enjoyed working diligently to achieve the goals of both parties. Our team procured an opportunistic developer a long-term development opportunity and assisted the seller in unlocking equity to facilitate a separate business endeavor,” said Desnoes.
The property is located at 670 Lawrence Drive, Thousand Oaks, CA 91320, within the Newbury Park neighborhood, a prominent area in the Greater Los Angeles vicinity.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.
