Newbury Partners Buys Industrial Park

Newbury Partners LLC of Thousand Oaks has purchased a 39,000-square-foot industrial park in Newbury Park for $2.3 million.

The property at 3475 Old Conejo Road underwent extensive renovation in 1997 and is 98% occupied, officials said.

“This is one of the few multi-tenant industrial parks sold in the region during 1998,” said Tony Principe of Wescord Commercial Real Estate Services, which represented the buyers. “There is high demand and low turnover of this property type in Conejo Valley, where the market is very stable.”