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Camarillo Business Center II 711 E Daily Dr 41,250 SF 4-Star Office Building Camarillo, CA 93010 $8,200,000 ($198.79/SF)
Investment Highlights
- Opportunity to execute a lease-up strategy, reposition the tenant mix, and capture rental upside in a supply-constrained submarket
- Property Load Factor is only 7.10%, saving tenants about $0.16/SF per month compared to other properties
- Situated within Camarillo Business Center, a professionally maintained campus environment with strong parking and nearby amenities
- Significant contiguous vacancy allows a buyer to occupy a portion or the majority of the building
- Efficient layouts support a wide range of configurations, from single-tenant occupancy to multi-tenant leasing
- Well-maintained asset with a roof replacement currently underway, reducing near-term capital risk Prominent Freeway Exposure
Executive Summary
711 E. Daily Drive offers a compelling opportunity to acquire a well-maintained, institutional-quality office building totaling approximately ±41,250 square feet within the highly regarded Camarillo Business Center. The Property benefits from a strategic location with immediate access to the Ventura (101) Freeway, providing excellent visibility, strong corporate identity potential, and convenient connectivity throughout Ventura County and the greater Los Angeles region.
The recent vacancy of former anchor tenancy has created a rare opportunity to control a largely vacant asset with significant contiguous space—an increasingly scarce offering in the market. The building’s efficient design, existing improvements, and flexible layout present an ideal solution for an owner-user seeking immediate occupancy, while also providing optionality for partial lease-up to generate supplemental income.
The Property has been professionally maintained, and the Ownership is currently in the process of replacing the roof, further enhancing the physical condition of the asset and materially reducing near-term capital expenditure requirements.
With its combination of scale, visibility, physical quality, and leasing flexibility, 711 E. Daily Drive is well-positioned for a range of strategies, including owner occupancy, lease-up, or long-term repositioning within one of Ventura County’s most established office environments.
The recent vacancy of former anchor tenancy has created a rare opportunity to control a largely vacant asset with significant contiguous space—an increasingly scarce offering in the market. The building’s efficient design, existing improvements, and flexible layout present an ideal solution for an owner-user seeking immediate occupancy, while also providing optionality for partial lease-up to generate supplemental income.
The Property has been professionally maintained, and the Ownership is currently in the process of replacing the roof, further enhancing the physical condition of the asset and materially reducing near-term capital expenditure requirements.
With its combination of scale, visibility, physical quality, and leasing flexibility, 711 E. Daily Drive is well-positioned for a range of strategies, including owner occupancy, lease-up, or long-term repositioning within one of Ventura County’s most established office environments.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
41,250 SF
Building Class
B
LoopNet Rating
4 Star
Year Built/Renovated
1983/2001
Price
$8,200,000
Price Per SF
$198.79
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
13,750 SF
Slab To Slab
12’
Building FAR
1.63
Lot Size
0.58 AC
Zoning
Professional Office - The entire 7-building Camarillo Business Campus comprises 7-buildings within 20-acres.
The flexible PO zoning ordinance allows for multiple uses.
Parking
150 Spaces (3.64 Spaces per 1,000 SF Leased)
Amenities
- Banking
- Conferencing Facility
- Signage
- Balcony
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 164-0-240-075 | Improvements Assessment | $6,922,585 |
| Land Assessment | $4,007,814 | Total Assessment | $10,930,399 |
Property Taxes
Parcel Number
164-0-240-075
Land Assessment
$4,007,814
Improvements Assessment
$6,922,585
Total Assessment
$10,930,399
Contacts
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Gary Cohen -
Ryan Rothstein-Serling -
Brin Hamblin -
Martin Agnew -
Marcus & Millichap
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