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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

 

  • 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

 

  • 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

 

  • 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