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4304 Cochran Street
Simi Valley, CA 93063

Price: $1,395,000 CAP Rate: 4.08%
Bldg SF: 5,250 SF Price/SF: $266
Land SF: 19,387 SF Occupancy: 62%
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Austin Sreden
(818) 212-2805
austin.sreden@marcusmillichap.com
License # 02023489

Price: $1,395,000
Bldg SF: 5,250 SF
Land SF: 19,387 SF
CAP Rate: 4.08%
Price/SF: $266
Occupancy: 62%
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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Austin Sreden
(818) 212-2805
austin.sreden@marcusmillichap.com
License # 02023489

Investment Highlights

Retail Center with Excellent Fundamentals

 

  • Five-unit retail building with 20 parking spaces
  • Demised into 5 suites, with a desirable average unit size of 1,050 square feet
  • The property is located just south of the 118 Ronald Reagan Freeway

 

Ideal Owner-User or Value-Add Opportunity

 

  • The property is currently 62% occupied, however, one of the existing three tenants is on a month-to-month lease
  • Potential buyers could occupy up to 52% of the property, making this an excellent owner-user opportunity
  • Value-Add opportunity to stabilize the property

 

Affluent Demographics

 

  • Average household income surpasses $113,152 within one mile of the property, $126,649 within three miles of the property, and $125,505 within five miles of the property
  • There are over 14,900 people located within one mile of the property, 81,300 within three miles of the property, and 115,100 people within five miles of the property
  • There are over 4,900 households located within one mile of the property, 26,600 located within three miles of the property, and 37,600 within five miles of the property

 

Surrounded by National Retailers

 

  • Nearby restaurants include: McDonalds, Taco Bell, Subway, and Papa John’s Pizza
  • Nearby retailers include: JOANN Fabrics and Crafts, Walmart Neighborhood Market, AutoZone, and 99 Cents Only