950 E Avenida De Los Arboles Thousand Oaks, CA 91360
Well-designed shopping center in desirable Thousand Oaks neighborhood.
Lot size:
4.60 AcresProperty Features for 950 E Avenida De Los Arboles
General Information
- Property type
- Commercial
- Standard status
- Pending
- Lot size
- 4.60 Acres
Building Details
- Year built
- 1960
Source:
Elliman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Thousand Oaks Shopping Center For Sale
North Oaks Center is a 47,792 square foot shopping center with 16 stores, located in Thousand Oaks, California. The property is situated at the corner of Avenida De Los Arboles and Avenida De Las Palmas, east of Moorpark Blvd. and approximately 1-mile west of the Moorpark (23) Freeway. The shopping center is anchored by a freestanding 99¢ Only Store building, which was constructed in 1960 and recently received a $300,000 renovation. The remainder of the center, built in 1970, features a mix of restaurant and service-based tenants. The property is currently 95.27% occupied, with two small vacancies. The shopping center features parking and ingress/egress. Nearby employers include Cal Lutheran University and Los Robles Regional Medical Center. Thousand Oaks has approximately 127,000 residents and an average household income of approximately $143,000, according to the 2020 Census. The 99¢ Only Store tenant’s lease expires on January 31, 2024, and has not provided notice to exercise their option yet. There is some deferred maintenance at the property, specifically the roofs on the inline shop space and the parking lot. This property is being sold as-is.
Location Intelligence
Current Use by Public Records
Arboles Avenue Garage ...
Building Supply
Similar Places Nearby
North Oaks Plaza, University Shopping Center, Plaza De Las Flores
Location Insight
- Map
- Local Demand
- City
- Thousand Oaks
- County
- Ventura
- State
- California
- Longitude
- -118.861665
- Latitude
- 34.215107
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Well-designed shopping center in desirable Thousand Oaks neighborhood.
Where is this shopping center located?
The property is located at 950 E Avenida De Los Arboles Thousand Oaks, CA.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: - High occupancy rate of 95.27% indicates stable income.; - Located in Thousand Oaks, CA, a desirable neighborhood with strong demographics.; - Opportunity for significant value-add by backfilling the 99¢ Only Store space at market rent, which is projected to increase NOI.
