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710 N Ventura Ave 1,368 SF Retail Building Oak View, CA 93022 $1,090,000 ($796.78/SF) 3.90% Cap Rate
Investment Highlights
- Heavy Traffic location.
- NNN lease with 5 year options
- Great Visibility
Executive Summary
High visible location on main highway in Oak View. 3 way intersection. Currently a Thai Restaurant. 12 parking spots. Business is not included in sale. NNN lease. Very close to Ventura and beaches as well as downtown Ojai. Only 3.7 miles to Lake Casitas, Newer Roof and HVAC.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,368 SF
Building Class
B
Year Built
1990
Price
$1,090,000
Price Per SF
$796.78
Cap Rate
3.90%
NOI
$42,510
Tenancy
Single
Building Height
1 Story
Building FAR
0.22
Lot Size
0.15 AC
Zoning
C-P-D, County - Zoning for Restaurant. Conditional use permit.
Parking
12 Spaces (8.77 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Om Fusion Of Thai
- Accommodation and Food Services
- -
- $2.51
- Triple Net
- Mar 2018
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Om Fusion Of Thai | Accommodation and Food Services | - | $2.51 | Triple Net | Mar 2018 |
Property Taxes
| Parcel Number | 034-0-103-035 | Improvements Assessment | $296,419 |
| Land Assessment | $189,405 | Total Assessment | $485,824 |
Property Taxes
Parcel Number
034-0-103-035
Land Assessment
$189,405
Improvements Assessment
$296,419
Total Assessment
$485,824
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710 N Ventura Ave
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