213-446-7543
, Thousand Oaks, CA for Sale
Office - FOR SALE
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Marin Professional Center
Thousand Oaks, CA


HIGHLIGHTS

  • BEST-IN-CLASS BOUTIQUE OWNER/USER PROFESSIONAL BUILDING - THOUSAND OAKS, CA

OVERVIEW

INVESTMENT HIGHLIGHTS BEST-IN-CLASS BOUTIQUE OWNER/USER PROFESSIONAL BUILDING - THOUSAND OAKS, CA * Most desirable space in newly renovated property available for an owner/user to occupy up to 12,692 SF of contiguous space. * Attractive seller financing available for qualified buyers with as little as $5M down, up to 70% loan-to-value. * Hands-on ownership will facilitate build-out of occupant’s space to allow for easy transition into new space. NEWLY RENOVATED PROFESSIONAL/HEALTHCARE CENTER * Pride of ownership asset completely renovated in 2020 with improvements totaling ~$1.75M will minimize near term capital expenditures. * 50% of the Property is leased to healthcare related occupiers which have a high probability of renewal providing for stable cash flow. * Ability to accommodate up to 70% medical through reconfiguration of parking areas – Medical rents are 30% higher than office rents in the Thousand Oaks submarket. ROBUST SUBURBAN PROFESSIONAL OFFICE MARKET DEMAND * Robust small tenant demand – Thousand Oaks office buildings Under 60,000 SF are outperforming the market by threefold with a relatively low vacancy of ~11%. (Costar) * Thousand Oaks benefits from strong medical office fundamentals with a very low average vacancy rate of 10%, and rents that are 30% higher than general office rents. EXCELLENT SUBURBAN MARKET LOCATION * Thousand Oaks is ranked as one of the 100 highest-income counties in the country – Average household incomes of $125,399. The median home price within five miles is $900,600. (United States Census Bureau) * Less than 1 mile from the Moorpark exit off the 101 Freeway and ¼ mile from the 101 and 23 freeway interchange, providing convenient access to the communities of the Conejo Valley.

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Mark ShafferCBRE, Inc.More Info
213-446-7543

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Mark ShafferCBRE, Inc.More Info
213-446-7543

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.