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2503-2507 Royal Ave 13,230 SF 73% Leased Retail Building Simi Valley, CA 93065 $3,375,000 ($255.10/SF) 4.96% Cap Rate
Investment Highlights
- Attractive Value-Add Opportunity
- Business Intersection
- Asking Price / SF is $255.00
Executive Summary
Royal Plaza is a 13,230 SF neighborhood retail center located on Royal Avenue in Simi Valley, California. Built in 1973 on a 44,738 SF lot zoned CPD, the property offers an attractive value-add opportunity with significant upside through lease-up of three vacant units. The center is anchored by a long-term liquor store tenant with a lease through 2038 and features a diverse mix of service-oriented tenants.
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
13,230 SF
Building Class
C
Year Built
1973
Price
$3,375,000
Price Per SF
$255.10
Cap Rate
4.96%
NOI
$167,402
Percent Leased
73%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.03 AC
Zoning
CPD - Please visit: https://ecode360.com/43222007
Parking
30 Spaces (2.27 Spaces per 1,000 SF Leased)
Frontage
69’ on Royal Ave
Amenities
- Signage
Space Availability
- Space
- Size
- Space Use
- Position
- Available
NNNs = $0.30
- 2505
- 600 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 2503 | 1,200 SF | Restaurant | End Cap | Now |
| 2505 | 600 SF | Office | - | Now |
2503
| Size |
| 1,200 SF |
| Space Use |
| Restaurant |
| Position |
| End Cap |
| Available |
| Now |
2505
| Size |
| 600 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2503
| Size | 1,200 SF |
| Space Use | Restaurant |
| Position | End Cap |
| Available | Now |
NNNs = $0.30
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $898,712 | |
| Land Assessment | $352,193 | Total Assessment | $1,250,905 |
Property Taxes
Parcel Numbers
Land Assessment
$352,193
Improvements Assessment
$898,712
Total Assessment
$1,250,905
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
2503-2507 Royal Ave