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Faits saillants de l'investissement
- Prime Simi Valley Retail Corridor – Positioned on Tapo Street with strong visibility, steady traffic counts, and convenient access to the 118 Freeway.
- Affluent and Established Demographics – Strong household incomes, stable population trends, and favorable demographics support long-term demand.
- Stable Income with Future Upside – Combines in-place cash flow with future appreciation potential for income-oriented investors.
- Value-Add Leasing Opportunity – Potential to increase income through renewals at market rates, rent growth, and future leasing initiatives.
- Internet-Resistant Tenant Base – U.S. Bank and service-oriented tenants rely on in-person visits, limiting exposure to e-commerce competition.
- Supply-Constrained Retail Market – Limited new retail development in Simi Valley supports occupancy levels and long-term rental growth.
Résumé de l'annonce
The Ovaness & Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire 2068 Tapo Street, a multi tenant retail investment located along one of Simi Valley's most established commercial corridors. Situated on Tapo Street with convenient access to the 118 Freeway, the property benefits from strong visibility, excellent accessibility, and a strategic location within a well established retail trade area.
The asset is occupied by a diverse mix of retail and service oriented tenants that provide stable in place income and serve the daily needs of the surrounding community. Supported by a dense residential population and strong demographic fundamentals, the center has established itself as a neighborhood retail destination within the market.
In addition to its existing income stream, the property offers investors the opportunity to enhance long term returns through future lease renewals, rental rate growth, and active leasing strategies. Combined with its position within a mature and supply constrained retail market, the asset is well positioned to benefit from continued tenant demand and long term appreciation.
2068 Tapo Street represents an opportunity to acquire a well located retail asset with a diversified tenant base, stable cash flow characteristics, and meaningful upside potential in one of Ventura County's most desirable and established submarkets.
The asset is occupied by a diverse mix of retail and service oriented tenants that provide stable in place income and serve the daily needs of the surrounding community. Supported by a dense residential population and strong demographic fundamentals, the center has established itself as a neighborhood retail destination within the market.
In addition to its existing income stream, the property offers investors the opportunity to enhance long term returns through future lease renewals, rental rate growth, and active leasing strategies. Combined with its position within a mature and supply constrained retail market, the asset is well positioned to benefit from continued tenant demand and long term appreciation.
2068 Tapo Street represents an opportunity to acquire a well located retail asset with a diversified tenant base, stable cash flow characteristics, and meaningful upside potential in one of Ventura County's most desirable and established submarkets.
Faits sur la propriété
| Prix | 10 087 775 $ CAD | Nombre de propriétés | 4 |
| Prix/pi² | 280,57 $ CAD / pi² | Individuellement en vente | 0 |
| Type de vente | Investissement | Taille totale du bâtiment | 35 955 pi² |
| Statut | Actif | Superficie totale du terrain | 13,08 AC |
| Prix | 10 087 775 $ CAD |
| Prix/pi² | 280,57 $ CAD / pi² |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 4 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 35 955 pi² |
| Superficie totale du terrain | 13,08 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
| 2070-2092 Tapo St, Simi Valley, CA 93063 | Commerce de détail | 18 796 pi² | 1964 | - |
| 4420-4428 Alpine St, Simi Valley, CA 93063 | Commerce de détail | 7 600 pi² | 1964 | - |
| 2110 Tapo St, Simi Valley, CA 93063 | Commerce de détail | 2 352 pi² | 1964 | - |
| 2068 Tapo St, Simi Valley, CA 93063 | Spécialité | 7 207 pi² | 1964 | - |
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