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950 E Avenida De Los Arboles Thousand Oaks, CA 91360

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For Sale
Pending
$10,000,000

Well-designed shopping center in desirable Thousand Oaks neighborhood.

Lot size:
4.60 Acres

Property 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

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Listing Contact
Source: Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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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

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

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

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.
More about this property
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