Channel Islands Business Park
For Sale
Contact for pricing
1200-1250 Stellar Dr, Oxnard, CA
Manufacturing and lab space in master-planned business park.
Property Size28,135 SF
Lot Size1.69 Acres
Price / SF$220
Days on Market467
Property Features for 1200-1250 Stellar Dr
General Information
Standard status
Active
Size
28,135 SF
Lot size
1.69 Acres
Property subtype
INDUSTRIAL
Lease Type
Nnn
Properties For Sale
at 1200-1250 Stellar Dr Contact us- Size
- 28,135 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, 30 Days
- Sublease
- No
1200 - 1250 Stellar Dr
Channel Islands Business Park
Located in a Master Planned Business Park
Extensive...
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Listing Agency:
CBRE, Inc
(805) 377-5020
Listed By:
Jim Meaney · License #01360121
(805) 377-5020
Source:
Moodyscre
Added: Apr 30, 2025
Changed: Aug 8
Last Checked: Aug 9 at 8:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc
Investment Insights
Based on property information with market context.
Located within the Channel Islands Business Park, this property offers 28,135 square feet of space suitable for manufacturing and industrial purposes. The property features an extensive dropped ceiling lab and an assembly room. It is FDA approved for medical device manufacturing. The location is approximately 2.5 miles south of the 101 Freeway.
Key Highlights
- FDA approved for medical device manufacturing
- Extensive dropped ceiling lab
- Located in a master planned business park
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$321,444
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,428,880
$6.4M
Cap Rate 7%
$4,592,057
$4.6M
Cap Rate 9%
$3,571,600
$3.6M
Market Conditions
NOI Build-Up for 28,135 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$523.3K $18.60/SF
− Vacancy
−$28.8K −$1.02/SF
EGI
$494.5K $17.58/SF
− OpEx
−$173.1K −$6.15/SF
NOI
$321.4K $11.43/SF
Area
Oxnard, CA
Vacancy
5.50%
Lease Rate
$18.60 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,428,880
Cap Rate 7%
$4,592,057
Cap Rate 9%
$3,571,600
Alternative Uses
Best Use
Flex RnD
$4.59M
$4.02M – $5.36M
NOI $321,444 @ 7.0% cap · market cap 5.19%
Second Best
Industrial
$4.35M
$3.81M – $5.08M
NOI $304,694 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$9.18M
$8.03M – $10.71M
NOI $642,761 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Manufacturing and lab space in master-planned business park.
Where is this manufacturing property located?
The property is located at 1200-1250 Stellar Dr Oxnard, CA.
What is the asking price?
The asking price for this property is $6,189,700.
What are key features of this property?
This property features: FDA approved for medical device manufacturing; Extensive dropped ceiling lab; Located in a master planned business park
