2399 Tapo Street
Simi Valley, CA 93063
| Price: | $1,879,000 | Zoning: | CPD |
| Bldg SF: | 1,260 SF | CAP Rate: | 7.83% |
| Land SF: | 15,801 SF | Occupancy: | 100% |
| Year Built: | 1962 | Property Type: | Retail |
Click to View Offering MemorandumClick to Print Offering Memorandum
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685
Austin Sreden
(818) 212-2805
Austin.sreden@marcusmillichap.com
License # 02023489
Address: 2399 Tapo Street, Simi Valley, CA 93063
Price: $1,890,000
Bldg SF: 1,260 SF
Land SF: 15,801 SF
Year Built: 1962
CAP Rate: 7.83%
Occupancy: 100%
Property Type: Retail
Click to View Offering MemorandumClick to Print Offering Memorandum
Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685
Austin Sreden
(818) 212-2805
Austin.sreden@marcusmillichap.com
License # 02023489
Investment Highlights
Strong Simi Valley Signalized Corner Location
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Ideally located two blocks from the 118 freeway -
Signalized corner location with traffic counts exceeding 16,300 vehicles per day -
Excellent ingress egress as the property can be accessed from both Tapo Street and Cochran Street
Strong Immediate Demographics
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Over 46,000 people located within 2 miles of the subject property -
Over 115,600 people located within 5 miles of the property, and 544,480 people located within 10 miles of the property -
Over 16,000 households within 2 miles and over 37,800 households located within 5 miles of the property, and 186,700 located within 10 miles of the property -
Average household income of over $113,314 -
Median home value of over $654,000 within 2 miles of the subject property
Proximate to Numerous Retail Amenities
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Walking distance from McDonald’s, Taco Bell, 99 Cents Only, Subway, JOANN Fabrics and Crafts, and Walmart Neighborhood Market -
Located less than one mile from Bed Bath & Beyond, Starbucks, Panda Express, Wingstop, Carl’s Jr, Five Guys, and El Pollo Loco