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Building 15 3249 Old Conejo Rd 4,791 SF 100% Leased Office Building Newbury Park, CA 91320 $2,131,995 ($445/SF)



INVESTMENT HIGHLIGHTS
- Rare Opportunity to buy a stand alone building for office and medical uses; Why lease when you can buy this instead?
- Abundant parking available
EXECUTIVE SUMMARY
Most Office or Medical uses allowed at this building but buyer to verify it's use with city to make sure.
Over standard costly interior improvements of hundreds of thousands of dollars including lots of glass, cabinets and large gourmet kitchen with appliances. In today's inflated dollars these improvements would probably cost about twice as much now causing this building to be worth more.
Brand new roof installed in 2025.
Most of the Lobby furniture included in sale and use of expensive artwork throughout the building available to use for free (seller will retain ownership thereof).
HOA fee currently $836 per month and includes the following common area costs: Parking, landscaping, insurance, trash, sidewalks, lighting, pest control, property management, etc.
Abundant parking.
Building to be delivered vacant as current tenant will vacate with the applicable lease terminating February 28, 2026. It is possible that this tenant might renew their lease but their option to renew has expired so that would be between the new buyer and this tenant to work out. Current main tenant is in the elderly health care industry.
Building is currently configured into two spaces, one of about 3,593 RSF (occupied by a tenant in the health care industry) and the other about 1,198 RSF (occupied by Seller). Seller also has a plan that shows how to configure existing building into 3 spaces if a buyer desires to see it but the 2 existing spaces can be combined into one easily. Both spaces have their own separate restrooms and kitchens.
Do not contact tenants onsite or enter into building without approval from David Massie of DJM Commercial RE first. Tenant will not show potential buyers the space without going through David Massie.
Over standard costly interior improvements of hundreds of thousands of dollars including lots of glass, cabinets and large gourmet kitchen with appliances. In today's inflated dollars these improvements would probably cost about twice as much now causing this building to be worth more.
Brand new roof installed in 2025.
Most of the Lobby furniture included in sale and use of expensive artwork throughout the building available to use for free (seller will retain ownership thereof).
HOA fee currently $836 per month and includes the following common area costs: Parking, landscaping, insurance, trash, sidewalks, lighting, pest control, property management, etc.
Abundant parking.
Building to be delivered vacant as current tenant will vacate with the applicable lease terminating February 28, 2026. It is possible that this tenant might renew their lease but their option to renew has expired so that would be between the new buyer and this tenant to work out. Current main tenant is in the elderly health care industry.
Building is currently configured into two spaces, one of about 3,593 RSF (occupied by a tenant in the health care industry) and the other about 1,198 RSF (occupied by Seller). Seller also has a plan that shows how to configure existing building into 3 spaces if a buyer desires to see it but the 2 existing spaces can be combined into one easily. Both spaces have their own separate restrooms and kitchens.
Do not contact tenants onsite or enter into building without approval from David Massie of DJM Commercial RE first. Tenant will not show potential buyers the space without going through David Massie.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
4,791 SF
Building Class
B
Year Built/Renovated
2008/2015
Price
$2,131,995
Price Per SF
$445
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
4,791 SF
Building FAR
0.92
Lot Size
0.12 AC
Zoning
office & Medical - Office but most medical uses also subject to city approval.
Parking
23 Spaces (4.8 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Courtyard
- Signage
- Reception
- Storage Space
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 668-0-360-135 | Improvements Assessment | $1,044,176 |
| Land Assessment | $461,678 | Total Assessment | $1,505,854 |
PROPERTY TAXES
Parcel Number
668-0-360-135
Land Assessment
$461,678
Improvements Assessment
$1,044,176
Total Assessment
$1,505,854
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Building 15 | 3249 Old Conejo Rd
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