1791 Erringer Rd 4,900 SF 44% Leased Office Building Simi Valley, CA 93065 $1,695,000 ($345.92/SF) 5.10% Cap Rate
EXECUTIVE SUMMARY
Unique freestanding building. Great corner location in high traffic count mid-Simi Valley thoroughfare spot. EZ access to 118 freeway east or west, plus fast access to Wood Ranch and 23 freeway, also easy to get to the heart of Moorpark or Thousand Oaks via surface streets.
2 story stucco & Spanish tile styling. Upper floor is currently 4 business suites with 2 common rest rooms. All upper spaces have great views front & back from large windows. But the corner spaces have REALLY great corner window shots looking out. The ground floor is currently 2 approx 1000sf office spaces, each with their owner single rest rooms. 6 dual pack HVAC systems. Cable & Fiber optics are installed. 2 walk-up stair cases, one front external & one internal from rear of building.
2 story stucco & Spanish tile styling. Upper floor is currently 4 business suites with 2 common rest rooms. All upper spaces have great views front & back from large windows. But the corner spaces have REALLY great corner window shots looking out. The ground floor is currently 2 approx 1000sf office spaces, each with their owner single rest rooms. 6 dual pack HVAC systems. Cable & Fiber optics are installed. 2 walk-up stair cases, one front external & one internal from rear of building.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$123,600
|
$25.22
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,600
|
$25.22
|
| Taxes |
$21,000
|
$4.29
|
| Operating Expenses |
$16,300
|
$3.33
|
| Total Expenses |
$37,300
|
$7.61
|
| Net Operating Income |
$86,300
|
$17.61
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Building Size
4,900 SF
Building Class
B
Year Built
1976
Price
$1,695,000
Price Per SF
$345.92
Cap Rate
5.10%
NOI
$86,445
Percent Leased
44%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,450 SF
Slab To Slab
10’
Building FAR
0.35
Lot Size
0.32 AC
Zoning
CPD
Parking
20 Spaces (4.08 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Partitioned Offices
- Recessed Lighting
- Drop Ceiling
- Air Conditioning
- Balcony
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Asking rental rate $1,450 per month.
Asking rental rate $1,450 per month.
Asking rental rate $1,450 per month.
Asking rental rate $1,450 per month.
| Space | Size | Space Use | Condition | Available |
| 2nd Fl-Ste 201 | 638 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 202 | 733 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 203 | 733 SF | Office | Full Build-Out | Now |
| 2nd Fl-Ste 204 | 633 SF | Office | Full Build-Out | Now |
2nd Fl-Ste 201
| Size |
| 638 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 733 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 203
| Size |
| 733 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 204
| Size |
| 633 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 1
Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Number | 632-0-050-175 | Total Assessment | $757,554 |
| Land Assessment | $329,954 | Annual Taxes | $21,000 ($4.29/SF) |
| Improvements Assessment | $427,600 | Tax Year | 2024 |
