FOR SALE: Value-add Mixed-Use Retail/Office opportunity with lease upside & ample parking.
The Cochran Landmark Center // 2585 Cochran Street, Simi Valley
Traffic: Cochran St (Over 27,000 VPD) 118 Freeway (135,460 VPD)
Median Household Income: $104,274 within 1 mile
Population: 19,000+ people with 1 mile
Price: $6,750,000
Current Cap: 6.20%
Proforma Cap: 8.14%
Building Size: 29,066 SF
Lot Size: 120,226 SF
Price/SF (bldg): $232
Price/SF (land): $56
Zoning: CPD & CO
Key Highlights:
* 29,066 SF of mixed-use retail and office space on 120,226 SF of land.
* 176 on-site parking spaces (6.06 per 1,000 SF ratio) for convenience.
* Prime location with visibility to over 132,000 vehicles daily, off the 118 Freeway.
* Close to major national tenants like Target, Trader Joe’s, Lassen’s, and Chick-Fil-A.
* Located in Simi Valley’s growth corridor, with significant residential and commercial expansion.
* Nearby Lennar Homes’ "Sycamore Grove" project adds 164 new residences, boosting local demand.
* Strong potential for long-term returns, stable occupancy, and rent growth.