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1525-1535 Rancho Conejo 2 Properties in Thousand Oaks, CA
INVESTMENT HIGHLIGHTS
- Turnkey lab infrastructure with $15 million in recent upgrades, including wet labs, cold storage, and cGMP warehouse space.
- Completed massing study outlines redevelopment potential with five buildings ranging from 30,000 to 67,000 SF.
- In-place income offsets one year of carry costs, enabling strategic repositioning.
- Flexible M-1 zoning supports a wide range of industrial and life sciences uses.
- Located in a submarket with 0% vacancy for sub-50,000 SF industrial spaces since 2018.
EXECUTIVE SUMMARY
JLL is pleased to present the opportunity to acquire the 100% fee simple interest in 1525–1535 Rancho Conejo Blvd, a 14.15-acre covered land site in Thousand Oaks, CA, known as HATCHcampus. This strategic office and life sciences campus totals 158,555 RSF and offers a rare combination of in-place income, redevelopment flexibility, and high-spec lab infrastructure. The property is currently 16.3% occupied, with a weighted average lease term of 2.9 years, providing a clear path to repositioning while offsetting near-term carry costs.
The 1535 Building features 47,000 SF of turnkey lab space renovated in 2022 with $15 million in improvements, including wet labs, tissue culture labs, QC labs, cold storage, cGMP warehouse, and robust HVAC and electrical systems. This infrastructure offers immediate operational capability and significant build-out savings for life science users.
Zoned M-1, the site supports a wide range of industrial, R&D, and technology uses. A completed massing study outlines a flexible redevelopment concept with five buildings ranging from 30,000 to 67,000 SF, each designed to accommodate small bay users. The surrounding Conejo Spectrum micro market has maintained 0% vacancy for sub-50,000 SF industrial spaces since 2018, underscoring strong demand fundamentals. Additionally, Amgen’s $600 million expansion nearby is expected to drive further demand for secondary R&D sites.
This offering represents a rare chance to acquire a large-scale, infrastructure-rich site in a thriving business ecosystem with world-class tenants and premium amenities.
The 1535 Building features 47,000 SF of turnkey lab space renovated in 2022 with $15 million in improvements, including wet labs, tissue culture labs, QC labs, cold storage, cGMP warehouse, and robust HVAC and electrical systems. This infrastructure offers immediate operational capability and significant build-out savings for life science users.
Zoned M-1, the site supports a wide range of industrial, R&D, and technology uses. A completed massing study outlines a flexible redevelopment concept with five buildings ranging from 30,000 to 67,000 SF, each designed to accommodate small bay users. The surrounding Conejo Spectrum micro market has maintained 0% vacancy for sub-50,000 SF industrial spaces since 2018, underscoring strong demand fundamentals. Additionally, Amgen’s $600 million expansion nearby is expected to drive further demand for secondary R&D sites.
This offering represents a rare chance to acquire a large-scale, infrastructure-rich site in a thriving business ecosystem with world-class tenants and premium amenities.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 158,555 SF |
| Number of Properties | 2 | Total Land Area | 13.67 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 158,555 SF |
| Total Land Area | 13.67 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
Thousand Oaks Life Science & Redevelopment
1535 Rancho Conejo Blvd, Thousand Oaks, CA 91320 |
Flex | 95,609 SF | 1990 | - |
|
Thousand Oaks Life Science & Redevelopment
1525 Rancho Conejo Blvd, Thousand Oaks, CA 91320 |
Office | 62,946 SF | 1995 | - |
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1525-1535 Rancho Conejo
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