Moorpark Campus Plaza

Moorpark, CA 930216591- 6597 Collins Dr.

Property Type: Mixed-Use/Retail
For Sale

Details

  • Price: 10,500,000
  • Cap Rate: 6.50%
  • GRM: N/A
  • Cost per SF: $208.76
  • Cost per unit: N/A
  • Year Built: 2006-2008
  • Square Footage: 50,296
  • Lot Size: 4.80 AC
  • Units: N/A
  • No. Stories: 2
  • Parking: 227
  • Transaction Type: For Sale
  • Property Type: Mixed-Use/Retail
  • Zoning: C2
  • Building Class: B
  • APN/Parcel ID: 514-0-160-065, 075, 085

Property Description

Lucrum Real Estate Group of KW Commercial is pleased to offer the opportunity to acquire Moorpark Campus Plaza.​ Moorpark Campus Plaza is a ±50,296 square foot mixed-use shopping center, situated on 3 separate parcels totaling ±4.8 acres.​ The center is anchored by a recently renovated and leased freestanding Starbucks with drive through.​ The property provides investors with a tremendous investment opportunity given it’s strong in place rents, significant upside through new tenant lease up and the potential to convert several leases from gross to NNN lease structures in the future.​

This well positioned center benefits from its prime location in Moorpark, CA, an affluent Southern California suburb in Ventura County.​ Within a two (2) mile radius the average household income is ±$131,000.​ Moorpark Campus Plaza’s proximity to the 118 Freeway and Collins Drive interchange boasts an average of ±80,000 vehicles per day and the center greatly benefits from its close proximity to Moorpark Community College which attracts ±19,000 students and staff members to its campus.​

Property Highlights

  • Mixed-use shopping center offering strong in place rents and substantial upside
  • Anchored by a newly leased and renovated Starbucks
  • ±50,296 building square feet on a ± 209,088 square foot lot
  • Beautiful newer construction with attractive curb appeal built in 2006-2008
  • Average household income of $131,000

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23975 Park Sorrento Suite 110
Calabasas, CA 91302