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Investment Highlights

  • First time on the market with strong income stability.
  • High-visibility frontage along Channel Islands Boulevard.
  • Located near Naval Base Ventura County and major retail hubs.
  • 100% occupied multi-tenant retail center with value-add upside.
  • Ample parking with more than six spaces per 1,000 SF.
  • Attractive Spanish Colonial Revival architecture with brick façade.

Executive Summary

Prime multi-tenant retail center located at 431-443 W. Channel Islands Blvd in Port Hueneme, CA. This 10,845 SF property sits on 1.08 acres and is 100% occupied, offering immediate income stability with a pro forma NOI of $168,561 and a 5.07% cap rate. Featuring Spanish Colonial Revival architecture with tile roof accents and a brick façade, the center provides strong curb appeal and a large monument sign for visibility. Positioned along a high-traffic corridor connecting Oxnard and Port Hueneme, the property benefits from excellent exposure and proximity to the Naval Base Ventura County, which employs nearly 20,000 personnel. Additional advantages include ample parking exceeding six spaces per 1,000 SF and adjacency to major retailers and dining options. This is the first time the property has been offered for sale, presenting a rare opportunity for investors seeking a stable asset with value-add potential in a growing coastal market.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,845 SF
Building Class
C
Year Built
1977
Price
$2,825,000
Price Per SF
$260.49
Cap Rate
6.25%
NOI
$176,563
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.08 AC
Zoning
RPD - Residential Planned Development
Frontage
216’ on Channel Islands Blvd

Amenities

  • Pylon Sign
  • Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100

Nearby Major Retailers

9Round
Starbucks
U.S. Bank
Chase
Ralphs
Navy Federal Credit Union
The Habit Burger Grill
IHOP
Denny's
Bank of America

Property Taxes

Property Taxes

Parcel Number
190-0-010-055
Land Assessment
$202,119
Improvements Assessment
$706,029
Total Assessment
$908,148
  • Listing ID: 27700410

  • Date on Market: 2/7/2023

  • Last Updated:

  • Address: 431-443 Channel Islands Blvd, Port Hueneme, CA 93041

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