Se Connecter/S’inscrire
Votre courriel a été envoyé.
100% Leased Shopping Center 14711 Princeton Ave 28 805 pi² 100% Loué Commerce de détail Immeuble Moorpark, CA 93021 9 695 945 $ CAD (336,61 $ CAD/pi²) 7,71% Taux de capitalisation
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- Value-Add Strip Center Priced Below Replacement Costs
- 115 parking spaces; a parking ratio of 4.00 per 1,000 square feet
- Affluent Moorpark, California Location
- 100% occupancy with 14 NNN Tenants
- Seasoned tenant mix with an average length of occupancy of 6.90 years; over 61% of tenants have been at the center for more than five years
- Excellent Immediate Demographics
Résumé de l'annonce
Matthew Luchs of Zacuto Group has been selected to exclusively market for sale Varsity Park Plaza, a 28,692 square foot multi-tenant strip center with a strong and stable current income stream ideally situated on 3.09 acres of land (134,600 SF) located at the signalized corner of Princeton Avenue and Campus Park Drive in the Ventura County submarket of Moorpark, CA.
The center is currently 100% occupied by a mix of 14 internet resistant service and retail tenants on NNN leases. Varsity Park Plaza is positioned amongst a sea of single-family homes, ideally catering to the local residents in the immediate area. The existing tenant base is the neighborhood’s primary commercial destination. The seasoned and stable tenant mix has an average length of tenancy of 6.90 years, with over 61% of the center occupied by tenants in place for more than five years. Current rents average $1.73 per SF, approximately 8% below pro-forma market rents of $1.88 per SF, with nearly 33% of the center either month-to-month or on leases expiring by 2028, creating a unique Moorpark value-add opportunity that currently generates a strong and stable income stream. Varsity Park Plaza benefits from excellent visibility and frontage along both Princeton Avenue and Campus Park Drive, with over 455’ and 255’ of linear frontage, respectively. The site offers 115 surface parking spaces, a parking ratio of 4.00 per 1,000 square feet. Daily traffic counts are nearly 86,000 vehicles per day at Princeton Avenue and the 118 State Highway, less than .2 miles south of the center with direct access along Princeton Avenue.
Varsity Park Plaza is being offered for sale below replacement costs, at a price per square foot of $225, representing an 8.24% cap rate on current income and an 8.98% cap rate on pro-forma income. Currently, two tenants totaling 2,990 square feet are operating on month-to-month leases. This allows a new owner the flexibility to immediately reposition a portion of the center to market rents.
The center is currently 100% occupied by a mix of 14 internet resistant service and retail tenants on NNN leases. Varsity Park Plaza is positioned amongst a sea of single-family homes, ideally catering to the local residents in the immediate area. The existing tenant base is the neighborhood’s primary commercial destination. The seasoned and stable tenant mix has an average length of tenancy of 6.90 years, with over 61% of the center occupied by tenants in place for more than five years. Current rents average $1.73 per SF, approximately 8% below pro-forma market rents of $1.88 per SF, with nearly 33% of the center either month-to-month or on leases expiring by 2028, creating a unique Moorpark value-add opportunity that currently generates a strong and stable income stream. Varsity Park Plaza benefits from excellent visibility and frontage along both Princeton Avenue and Campus Park Drive, with over 455’ and 255’ of linear frontage, respectively. The site offers 115 surface parking spaces, a parking ratio of 4.00 per 1,000 square feet. Daily traffic counts are nearly 86,000 vehicles per day at Princeton Avenue and the 118 State Highway, less than .2 miles south of the center with direct access along Princeton Avenue.
Varsity Park Plaza is being offered for sale below replacement costs, at a price per square foot of $225, representing an 8.24% cap rate on current income and an 8.98% cap rate on pro-forma income. Currently, two tenants totaling 2,990 square feet are operating on month-to-month leases. This allows a new owner the flexibility to immediately reposition a portion of the center to market rents.
Faits sur la propriété
Type de vente
Investissement
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
28 805 pi²
Classe d’immeuble
C
Année de construction
1981
Prix
9 695 945 $ CAD
Prix par pi²
336,61 $ CAD
Taux de capitalisation
7,71%
Revenu net d’exploitation
747 557 $ CAD
Pourcentage loué
100%
Location
Multiples
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,21
Taille du lot
3,10 AC
Zonage
CPD, Moorpark
Stationnement
119 places (7,02 places par 1 000 pi² loué)
Façade
294’ sur Princeton Ave
Commodités
- Ligne d'autobus
- Affichage
- Affichage sur monument
Principaux locataires Cliquez ici pour accéder à
- Locataire
- Secteur
- pi² Occupé
- Loyer/pi²
- Type de bail
- Fin du bail
- Mailbox
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- PhoEver
- Détaillant
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- The Cafe
- Détaillant
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Locataire | Secteur | pi² Occupé | Loyer/pi² | Type de bail | Fin du bail | |
| Mailbox | - | - | - | Lorem Ipsum | Jan 0000 | |
| PhoEver | Détaillant | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Cafe | Détaillant | - | $9.99 | Lorem Ipsum | Jan 0000 |
Relativement accessible à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Relativement accessible en vélo
30/100
Impôts fonciers
| Numéro de lot | 514-0-051-265 | Évaluation des bâtiments | 3 511 372 $ CAD |
| Évaluation du terrain | 2 064 639 $ CAD | Évaluation totale | 5 576 011 $ CAD |
Impôts fonciers
Numéro de lot
514-0-051-265
Évaluation du terrain
2 064 639 $ CAD
Évaluation des bâtiments
3 511 372 $ CAD
Évaluation totale
5 576 011 $ CAD
1 de 82
Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
Photos
Vue depuis la rue
Rue
Carte
Présenté par
100% Leased Shopping Center | 14711 Princeton Ave
Vous êtes déjà membre? Connectez-vous
Hmm, il semble y avoir eu une erreur lors de l’envoi de votre message. Veuillez réessayer.
Merci! Votre message a été envoyé.