Thousand Oaks Portfolio of properties for Sale - Thousand Oaks/SE County
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.
