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Tapo Canyon XC
Project Information
- Project Location:
- Simi Valley, CA
- Status:
- In-Progress
- Structure Type:
- Misc Project
Scope Of Work
Address:
E Los Angeles Ave & Tapo Canyon Rd
Simi Valley, CA
Sub Market:
Land Area:
Building Area:
Building Count:
1
Status:
Under Development
Project #:
Description:
The site was acquired by an affiliate of Xebec, Tapo Canyon XC, LLC, in December 2016. The 2.90-acre site is located at the intersection of Tapo Canyon Road and Los Angeles Avenue in Simi Valley, California. Xebec plans to successfully entitle and hired XBC to develop a 56,300 SF Class A state-of-the-art industrial warehouse, including approximately 3,000 SF of mezzanine space, ideal for manufacturing and/or distribution. The site is strategically located in an infill location of Ventura County which has a total industrial base of approximately 60 million SF. Simi Valley is a part of the Simi Valley/Moorpark submarket, which represents approximately 18% of the industrial base in Ventura County. The City of Simi Valley has a vacancy rate of 2.2% according to the Q3 2016 CBRE Marketview Insert. The Property offers excellent freeway access to US Interstates 5, 210, and 405 and the California "Ronald Reagan" (CA 118) and Hollywood (CA 170) freeways.