Plascene, Inc. Acquires 46,924-Square-Foot Ventura County Industrial Building From HespeZDI for $12.23 Million
Plascene, Inc. has purchased a 46,924-square-foot industrial building in Ventura County, California from HespeZDI for $12.23 million, equating to $261 per square foot, according to NAI Capital's Ventura County Industrial Market Outlook published July 20, 2026.
Deal Details
The transaction involves a single industrial building totaling 46,924 square feet. HespeZDI served as the seller, while Plascene, Inc. was the buyer. The $12.23 million purchase price reflects a per-square-foot rate of $261. Additional property-level details, including street address, year built, clear height, and occupancy at the time of sale, were not disclosed in the source material.
The deal was reported by NAI Capital. The market outlook report was authored by J.C. Casillas, Managing Director of Research and Public Relations at NAI Capital.
Ventura County Industrial Sales Trends
NAI Capital reported that the broader Ventura County industrial sales environment is under measurable pressure. According to the firm's data, average sale price per square foot across the county declined 6.9% quarter-over-quarter and 10.7% year-over-year. Sales volume also contracted, falling 8.3% quarter-over-quarter and 10.2% year-over-year, reflecting broad-based softening in both transaction activity and pricing across the market.
Ventura County Industrial Leasing Trends
NAI Capital characterized the Ventura County industrial market as experiencing simultaneous demand softening and elevated new supply. Leasing volume fell 11.1% quarter-over-quarter and 29.3% year-over-year. Asking rents slipped 0.93% quarter-over-quarter and 3.64% year-over-year, softening amid weaker leasing demand and elevated construction levels, according to the firm's report.
Space under construction dipped 2.4% quarter-over-quarter but remained up 764.2% year-over-year, signaling a substantial supply overhang still working through the pipeline, NAI Capital noted.
Sources
NAI Capital, Ventura County Industrial Market Outlook, published July 20, 2026. https://www2.naicapital.com/vc-industrial-market-outlook-q2-2026/