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Wells Fargo Plaza – 925 Broadbeck Drive
Thousand Oaks, CA 91320

Price: $6,900,000 Price/SF: $451
Bldg SF: 15,290 SF Occupancy: 80%
Land SF: 65,775 SF Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: Wells Fargo Plaza – 925 Broadbeck Dr, Thousand Oaks, CA 91320
Price: $6,900,000
Price/SF: $451
Bldg SF: 15,290 SF
Land SF: 65,775 SF
Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

PRIDE OF OWNERSHIP MIXED-USE PROPERTY ANCHORED BY WELLS FARGO

 

• 15,290 square foot retail (53%) and office (47%) property anchored by Wells Fargo

• 65,775 square feet of land (1.51 acres)

• Wells Fargo has successfully operated at this location since 2005

• Property will be 100% occupied at the close of escrow

• Office units are ideal size averaging 1,036 square feet per unit and are easily leasable with minimal tenant improvement costs

 

WELLS FARGO IS THE 4TH LARGEST BANK IN THE U.S. AND THE 14TH LARGEST BANK IN THE WORLD

 

• Wells Fargo is a diversified, community-based financial services company with $1.9 trillion in assets and an S&P credit rating of A-

• Wells Fargo has 8,050 branches, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy

• Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations

• Annual revenues exceed $86.41 billion

• Over 258,700 employees

 

WELLS FARGO IS A PART OF THE VILLAGE AT NEWBURY PARK, THE DOMINANT POWER CENTER IN THE AREA

 

• The Village at Newbury Park is the Dominant Power Center in the Trade Area

• 575,644 SF center with Minimal Vacancy

• Includes strong national tenants such as Lowe’s, Target, Home Depot, LA Fitness, Staples, Petsmart, Party City, Islands, Chipotle, Starbucks, Jack in the Box, Auto Zone, The Habit, and Farmer Boys

 

HIGHLY-MEMORABLY, AESTHETICALLY PLEASING ARCHITECTURE ADDS TO THE ASSETS APPEAL

 

• Steel Frame Construction

• Recent Improvements

• Modern furnishings and upgrades in the common areas, restrooms and facade as well as extensive second floor office tenant improvements

• New stonework throughout the building and a beautiful glass facade make this property an easily recognized landmark

• Wells Fargo Plaza is truly a pride of ownership opportunity

 

EXCELLENT THOUSAND OAKS LOCATION

 

• Ideally located directly off the Interstate 101 Ventura Freeway

• Thousand Oaks is the second-largest city in Ventura County

• Close Proximity to the 1.3 Million Square Foot Oaks Mall

• Approximately 40 miles from Downtown Los Angeles

• Affluent sub-market with an Average Income over $106,000

• Over 118,000 people within Five Miles of the Subject Property

• Major employers in the area include biotechnology leader Amgen Inc., Amthem Inc., General Dynamics, Jafra Cosmetics, Sage Publications, J.D. Powers, General Motors Regional Office, and Verizon Regional Office

PRIDE OF OWNERSHIP MIXED-USE PROPERTY ANCHORED BY WELLS FARGO

 

• 15,290 square foot retail (53%) and office (47%) property anchored by Wells Fargo

• 65,775 square feet of land (1.51 acres)

• Wells Fargo has successfully operated at this location since 2005

• Property will be 100% occupied at the close of escrow

• Office units are ideal size averaging 1,036 square feet per unit and are easily leasable with minimal tenant improvement costs

 

WELLS FARGO IS THE 4TH LARGEST BANK IN THE U.S. AND THE 14TH LARGEST BANK IN THE WORLD

 

• Wells Fargo is a diversified, community-based financial services company with $1.9 trillion in assets and an S&P credit rating of A-

• Wells Fargo has 8,050 branches, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 32 countries and territories to support customers who conduct business in the global economy

• Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations

• Annual revenues exceed $86.41 billion

• Over 258,700 employees

WELLS FARGO PLAZA IS A PART OF THE VILLAGE AT NEWBURY PARK, THE DOMINANT POWER CENTER IN THE AREA

 

• The Village at Newbury Park is the Dominant Power Center in the Trade Area

• 575,644 SF center with Minimal Vacancy

• Includes strong national tenants such as Lowe’s, Target, Home Depot, LA Fitness, Staples, Petsmart, Party City, Islands, Chipotle, Starbucks, Jack in the Box, Auto Zone, The Habit, and Farmer Boys

 

HIGHLY-MEMORABLY, AESTHETICALLY PLEASING ARCHITECTURE ADDS TO THE ASSETS APPEAL

 

• Steel Frame Construction

• Recent Improvements

• Modern furnishings and upgrades in the common areas, restrooms and facade as well as extensive second floor office tenant improvements

• New stonework throughout the building and a beautiful glass facade make this property an easily recognized landmark

• Wells Fargo Plaza is truly a pride of ownership opportunity

 

EXCELLENT THOUSAND OAKS LOCATION

 

• Ideally located directly off the Interstate 101 Ventura Freeway

• Thousand Oaks is the second-largest city in Ventura County

• Close Proximity to the 1.3 Million Square Foot Oaks Mall

• Approximately 40 miles from Downtown Los Angeles

• Affluent sub-market with an Average Income over $106,000

• Over 118,000 people within Five Miles of the Subject Property

• Major employers in the area include biotechnology leader Amgen Inc., Amthem Inc., General Dynamics, Jafra Cosmetics, Sage Publications, J.D. Powers, General Motors Regional Office, and Verizon Regional Office