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1323 Newbury Rd 12,700 SF 100% Leased Office Building Newbury Park, CA 91320 $3,600,000 ($283.46/SF) 3.38% Cap Rate
Investment Highlights
- Immediate access to U.S. Highway 101 via adjacent on- and off-ramps.
- Positioned near retail, hospitality, and professional service amenities.
- Commercial zoning supports a variety of business uses.
- Multi-tenant office asset located within the Conejo Valley market.
- Existing monument signage enhances visibility from Newbury Road.
- Opportunity for investment ownership with future occupancy flexibility.
Executive Summary
Prime location in Newbury Park with easy access to the 101 Freeway with adjacent on and off ramps.
location is ideal for a charging station for additional income with the proximity to 101 Freeway retail and hospitality properties.
Owner-User Opportunity currently 68.5%leased with 3,992 square feet available.
This location is adjacent to Thousand Oaks in a highly sought after area with safe and affluent communities.
Close to a variety of retail and hospitably amenities
location is ideal for a charging station for additional income with the proximity to 101 Freeway retail and hospitality properties.
Owner-User Opportunity currently 68.5%leased with 3,992 square feet available.
This location is adjacent to Thousand Oaks in a highly sought after area with safe and affluent communities.
Close to a variety of retail and hospitably amenities
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Office
Building Size
12,700 SF
Building Class
B
Year Built
1982
Price
$3,600,000
Price Per SF
$283.46
Cap Rate
3.38%
NOI
$121,819
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
6,350 SF
Slab To Slab
11’
Building FAR
0.22
Lot Size
1.34 AC
Zoning
C2 - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
56 Spaces (4.41 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Balcony
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 660-0-010-720 | Improvements Assessment | $595,839 |
| Land Assessment | $770,974 | Total Assessment | $1,366,813 |
Property Taxes
Parcel Number
660-0-010-720
Land Assessment
$770,974
Improvements Assessment
$595,839
Total Assessment
$1,366,813
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Contact the Sale Advisor
1323 Newbury Rd