1501 E. Thousand Oaks Boulevard
Thousand Oaks, CA 91362

Price: | $3,450,000 | Zoning: | Commercial |
Bldg SF: | 9,520 SF | Price/SF (Building): | $362 |
Land SF: | 28,495 SF | Price SF (Land) | $454 |
Pro-forma Cap Rate: | 6.62% | Pro-forma Rent/SF: | $2.00 |
Click to View Offering MemorandumClick to Print Offering Memorandum
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
b.michaels@marcusmillichap.com
License # 01434685

Price: $3,450,000
Bldg SF: 9,520 SF
Land SF: 28,495 SF
Year Built: 2000
Pro Forma CAP Rate: 6.62%
Price/SF (Building): $362
Price/SF (Land): $121
Property Type: Commercial
Click to View Offering MemorandumClick to Print Offering Memorandum
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
b.michaels@marcusmillichap.com
License # 01434685


Investment Highlights
Excellent Thousand Oaks Location along Thousand Oaks Boulevard
- Ideally located just North of Erbes Road along prestigious Thousand Oaks Boulevard
- 277 feet of linear frontage with excellent visibility and access
- Amenity rich submarket with multiple restaurants, retailers, office space, and hotels in the immediate area
- Within close proximity to the 101 Ventura Freeway & the Moorpark 23 Freeway allowing for easy freeway access
- Significant development in the immediate area creates a unique value-add opportunity in a high-demand growing submarket
Well Located Strip Center with Significant Upgrades and Improvements
- 9,520 square foot strip center ideally situated on 28,495 square feet of land zoned
- Complete renovation enhances the positive business environment
- Memorable smooth stucco / stone façade caters to the local and national tenants in the immediate area
- Plentiful parking totaling 30 parking spaces in the front of the property
- High daily traffic counts of 28,036 vehicles per day
- Excellent ingress and egress
Value-Add Opportunity
- 3,500 square foot vacancy combined with 6,020 square foot space that is occupied by the seller creates numerous options for an Owner-User buyer looking to occupy a portion or all of the building or an investor looking to reposition the center immediately
- Unique value-add opportunity with a multitude of options
- Potential development opportunity utilizing the Thousand Oaks Specific Plan, which promotes mixed-use development and a pedestrian friendly environment
- Strong rental pocket with significant growth projections
Affluent Ventura County Sub-Market
- Average household income over $103,000
- Over 11,000 households within five miles. 22% of households have an average income north of $200,000
- Thousand Oaks Specific Plan promotes development along Thousand Oaks Boulevard
- Multiple residential units slated for construction in the immediate area creating significant growth opportunity
- Close proximity to Amgen, a major Ventura County employer