Newbury Park Multi-Tenant Flex With Upside

For Sale

Overview

Overview

  • Price: $4,000,000
  • Cap Rate: 6.43%
  • Price / sf: $181.82
  • NOI: $257,340
  • Lot Size: 1.68 acres
  • Building Size: 22,000

Highlights

  • Significant Upside for Investor or Owner/User
  • High Cap Rate (6.43%) and Low Price per Square Foot ($202/SF)
  • The Building Is Fully Occupied
  • Excellent Parking (4/1,000) Allows for Multiple Uses (i.e. School, Medical, Gym)
  • Adjacent to The Village Development Site (575,644 SF Regional Shopping Center) with Lowe’s, LA Fitness, AutoZone, Jack In The Box and Farmer Boys as Tenants
  • Offers Easy Freeway Access Off the Wendy Drive Exit of the 101 Freeway
  • Close to Many Tech and Biotech Companies

Property Description

SVN is proud to present: 1000 Business Center Circle in Newbury Park, CA. This 22,000 SF office building commands a strong presence with its dramatic entryway and architectural style, set amidst a serene tree-lined street and overlooking an expansive stretch of Santa Monica mountains. This two-story building features an ample parking lot (90 spaces, 4/1000) and can either continue being used as a multi-tenant office building or could be repositioned into creative office for dramatic upside on rents.

Immediately adjacent to the property, land grading has begun on the site of a planned Lowe’s home improvement store, an LA Fitness gym, a Farmer Boys restaurant, and a Jack-in-the-Box restaurant. The project will be completed by the end of 2018. Conejo Valley is famous for being a home to the serious players in the tech and biotech world – Amgen, Baxter, and numerous others. Conejo Valley has been rated as one of the top 100 places in the country to own a business and/or home, according to the Money Magazine. The average household income in the 5-mile radius is $118,046.

Offering Memorandum

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Location

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The information presented here is deemed to be accurate, but it has not been independently verified. We make no guarantee, warranty or representation. It is your responsibility to independently confirm accuracy and completeness. SVN®, Sperry Van Ness®, and Sperry Van Ness Commercial Real Estate Advisors® are registered service marks of Sperry Van Ness International Corporation.

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