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4751 S Rose Avenue
Oxnard, CA 93033

Price: $17,000,000 Zoning: C2PD
Bldg SF: 53,321 SF Price/SF: $319
Land SF: 229,400 SF Occupancy: 100%
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


Nicole Cottrell
(818) 212-2686
nicole.cottrell@marcusmillichap.com
License # 02062546

Price: $17,000,000
Bldg SF: 53,321 SF
Land SF: 229,400 SF
Price/SF: $319
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


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


Nicole Cottrell
(818) 212-2686
nicole.cottrell@marcusmillichap.com
License # 02062546

Investment Highlights

100% Occupied NNN Shopping Center Anchored by 99 Cents Only and Island Pacific Supermarket

 

  • Stable and seasoned tenant mix ideally caters to the dense immediate population
  • 53,321 square feet of land ideally situated on 5.27 acres of land
  • Anchored by 99 Cents Only and Island Pacific Supermarket
  • 99 Cents Only has 394 locations throughout the U.S. and employs over 17,000 people
  • Island Pacific Supermarket has 17 locations throughout California and Nevada
  • Large underlying footprint of land creates opportunity to build additional square footage

 

Potential Covered Land Play with Strong Underlying Asset Fundamentals

 

  • Signalized corner location
  • 342 parking spaces, a parking ratio of 6.41 parking spaces per 1,000 square feet
  • Ideal in-line unit square footages average 1,655 square feet
  • 99 Cents Only is currently paying only $0.55 per square foot
  • Excellent frontage
  • 27 acres of land created long term development potential

 

Dense Immediate Population with Strong Underlying Demographics

 

  • Approximately 7.5 miles from the Interstate 101 Ventura Freeway
  • Approximately 3.5 miles from the Port Hueneme Naval Base, a US Navy Base that supports more than 100 tenant commands with a base population of more than 19,000 personnel, making it the largest employer in Ventura County.
  • The center is located 0.6 of a mile from Oxnard College, a public community college that offers degrees and certificated in 20 different fields.
  • Over 24,000 people within one mile of the center, over 107,000 people within three miles, and over 214,000 people within five miles
  • over 5,600 households within one mile of the center, over 24,500 households within three miles, and over 55,000 households within five miles
  • The immediate area has an average income within one mile of the center north of $81,000, and that increase to over $91,000 within five miles
  • The median home value within one mile of the center is just over $416,000, and increases to over $479,000 within five miles