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Roxy Cinema - Camarillo, CA 5001 Verdugo Way 40,598 SF 4-Star Retail Building Camarillo, CA 93012 $11,200,000 ($275.88/SF) 6.99% Cap Rate
INVESTMENT HIGHLIGHTS
- Situated at 5001 Verdugo Way in Camarillo, CA, This Roxy Stadium 11 Theatre Enjoys a Strategic Location in Ventura County, a Highly Desirable Market
- The Lease Includes 5 Years of Term Remaining With Three 5-Year Renewal Options, Demonstrating the Tenant's Commitment to the Location
- The Lease Also Features a 12% Percentage Rent Based on Box Office Sales, Creating Upside Potential Tied to the Theatre's Performance
- The 40,598 Square-Foot Building Underwent a $1.8 Million Renovation in 2015, Transforming it Into a Luxury Theatre Format
- 8% Rent Increases Every 5-Years Provide Steady NOI Growth, Offering a Hedge Against Inflation
- The Roxy Stadium 11 Opened in 2004 and Has Been a Staple in the Camarillo Community For Over 20 Years
EXECUTIVE SUMMARY
Sands Investment Group, in partnership with Radius Group, is pleased to exclusively offer for sale the 40,598 SF Roxy Cinema located at 5001 Verdugo Way in Camarillo, CA. The lease includes 5 years of term remaining with three 5-year renewal options, demonstrating the tenant's commitment to the location. The lease features a 12% percentage rent based on box office sales, creating upside potential tied to the theatre's performance, ensuring a reliable investment.
In Cooperation With Sands Investment Group, inc-Lic. #1769950
In Cooperation With Sands Investment Group, inc-Lic. #1769950
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Movie Theater
Building Size
40,598 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
2005/2020
Price
$11,200,000
Price Per SF
$275.88
Cap Rate
6.99%
NOI
$783,295
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
3.28 AC
Zoning
CPD, Camarillo - Commercial Planned Development
Parking
200 Spaces (4.93 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Roxy Stadium 11
- Retailer
- 51,095 SF
- $19.29
- Triple Net
- Aug 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Roxy Stadium 11 | Retailer | 51,095 SF | $19.29 | Triple Net | Aug 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $6,683,714 | |
| Land Assessment | $2,565,285 | Total Assessment | $9,248,999 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,565,285
Improvements Assessment
$6,683,714
Total Assessment
$9,248,999
CONTACTS
-
Adam Scherr -
Jonathan Silver -
Tyler McGarry -
Sands Investment Group Santa Monica, LLC
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Roxy Cinema - Camarillo, CA | 5001 Verdugo Way
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