554 Flinn Ave Moorpark, CA 93021

This property presents a great investment opportunity with a long-term, hi-tech industrial tenant specializing in optics and photonics engineering and manufacturing, operating in a high-security environment. The tenant, Gooch & Housego, is part of an international corporation. The existing 5-year lease extends to September 20, 2030, with a lease rate of $0.85 per square foot NNN, amounting to $13,047.50 per month, plus annual CPI adjustments. The approximate cap rate is 4.9. Lease contracts are available for review and assumption. The property is a free-standing, one-story building with wood-frame and stucco construction and HVAC throughout. It features a 120/208 V 800 Amp Main with 5 sub-panels and one roll-up door. The building includes an approximate 18-foot clear height, 5 offices, a break room, and multiple restrooms. A 2,475 square foot mezzanine provides additional storage. There are 32 on-site parking spaces, with an additional 13 spaces available on the street. Zoned as Light Industrial-Flex, the property allows for future additional commercial retail use opportunities. It is located close to State Route 23/118 Freeway access in the City of Moorpark, Ventura County, CA.