Oppidan Investment Co, a St. Paul, Minn-based developer, snapped up the Orchard Supply Hardware location in Thousand Oaks (1934 E Avenida de Los Arboles) from a private investment firm in LA for nearly $16.8M. According to Colliers International, this is the highest price ever paid per SF for a single-tenant, triplenet property in Ventura County, and among the highest in SoCal. The property consists of 43k SF on five acres. Colliers EVP Chris Maling, who repped both sides with David Maling and Stephen Algermissen, says among the reasons they were able to achieve this record price was that the single-tenant OSH store is in a supplyconstrained market with little to no competition. The nearest hardware and home improvement center is five miles away, he says.

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