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921-927 E Ventura Blvd 15,000 SF 100% Leased Retail Building Oxnard, CA 93036 $4,750,000 ($316.67/SF)

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INVESTMENT HIGHLIGHTS

  • Owner will carry paper with minimum 25% down, under terms to be negotiated.

EXECUTIVE SUMMARY

Prime Investment opportunity on a high freeway visible property. The building is currently divided into three suites. 921 was leased for a term of 10 years. 923 is a month-to-month tenancy to the owner's son and 927 is leased until February 28, 2027 with annual rent increases. There is also a cell tower that pays $3,000 per month. An investor could lease out 923 for additional income or an owner could locate their business in 923 and then expand as their business grows and the other space(s) become available. The sales price is based upon sales/square foot and not a cap on rental income because no rent is being paid for suite 923. Owner will consider carrying paper for a credit worthy buyer with a minimum of 35% down. Terms to be negotiated.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,000 SF
Building Class
C
Year Built
1985
Price
$4,750,000
Price Per SF
$316.67
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.81 AC
Zoning
C 2PD - general commercial
Parking
33 Spaces (2.36 Spaces per 1,000 SF Leased)

AMENITIES

  • Freeway Visibility
  • Air Conditioning

NEARBY MAJOR RETAILERS

City National Bank
Starbucks
Vons
The Coffee Bean & Tea Leaf
Vallarta Supermarkets
Navy Federal Credit Union
Chase Bank
Golden Corral Buffet & Grill
Chili's Grill & Bar
Outback Steakhouse

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
145-0-222-065
Land Assessment
$316,011
Improvements Assessment
$1,146,135
Total Assessment
$1,462,146
  • Listing ID: 24597268

  • Date on Market: 12/3/2021

  • Last Updated:

  • Address: 921-927 E Ventura Blvd, Oxnard, CA 93036

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