Flex Space with Mezzanine
Flynn Road Business Park - 1220 1230 & 1240 Avenida Acaso, Camarillo, CA 93012
For Sale
$12,700,000
Divisible space combines warehouse or storage areas with second-floor office accommodation.
Property Size67,203 SF
Price / SF$342.60
Days on Market48
Property Features for Flynn Road Business Park - 1220 1230 & 1240 Avenida Acaso
General Information
Standard status
Size
Property subtype
Occupancy
Warehouse & Industrial
Office Build-Out
Mezzanine
Sprinkler System
Additional Details
Asking Price
Building Details
Building Size
Year Built
Buildings
Listing Agency:
NAI Capital Commercial, Inc
Listed By:
Bill Kiefer · License CA #00828915
(805) 320-1600
Source:
Naiglobal
Added: Sep 24
Last Checked: Nov 8 at 3:44AM
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 NAI Capital Commercial, Inc
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Flynn Road Business Park comprises 37,069 SF across 1220, 1230 and 1240 Avenida Acaso in Camarillo. Available configurations include 9,077 to 13,000 SF at 1220, 7,500 to 10,323 SF at 1230, and 17,669 SF of second-floor mezzanine offices, divisible to 5,000 SF. Existing improvements may be reconfigured, and warehouse or storage use is under consideration. The buildings were constructed in 1985, are fully sprinklered, and have HVAC service to 80% to 90% of the building area.
The property is 43% leased through March 2029. Lease structures include net and modified gross arrangements.
The property is 43% leased through March 2029. Lease structures include net and modified gross arrangements.
Key Highlights
- 37,069 SF total available area across 1220, 1230 and 1240 Avenida Acaso
- 1220 offers 9,077 to 13,000 SF; 1230 offers 7,500 to 10,323 SF
- 17,669 SF of mezzanine offices, divisible to 5,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$458,806
Cap Rate
3.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,176,120
$9.2M
Cap Rate 7%
$6,554,371
$6.6M
Cap Rate 9%
$5,097,844
$5.1M
Market Conditions
NOI Build-Up for 37,069 SF
Gross rent
$569.4K $15.36/SF
− Vacancy
−$29.6K −$0.80/SF
EGI
$539.8K $14.56/SF
− OpEx
−$81.0K −$2.18/SF
NOI
$458.8K $12.38/SF
Area
Ventura County, CA
Vacancy
5.20%
Lease Rate
$15.36 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,176,120
Cap Rate 7%
$6,554,371
Cap Rate 9%
$5,097,844
Alternative Uses
Best Use
Warehouse
$6.55M
$5.74M – $7.65M
NOI $458,806 @ 7.0% cap · market cap 3.61%
Second Best
Industrial
$5.40M
$4.72M – $6.30M
NOI $377,840 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$12.73M
$11.13M – $14.85M
NOI $890,795 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
43%
Occupancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
765
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93012, CA
37,550
Population
14,399
Households
2.6
Avg Household Size
44
Median Age
49%
College-Educated
95%
High-School Grad
50.1 sq mi
ZIP Area
750
Density / Sq Mi
$122,110
Median Household Income
$63,221
Median Earnings
$2,790
Median Rent
$794,400
Median Home Value
Market
Average Price Trend$/SF for Flex space in Ventura County, CA
Properties on Market for Flex space in Ventura County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Divisible space combines warehouse or storage areas with second-floor office accommodation.
Where is this flex space located?
The property is located at Flynn Road Business Park - 1220 1230 & 1240 Avenida Acaso Camarillo, CA.
What is the asking price?
The asking price for this property is $12,700,000.
What are key features of this property?
This property features: 37,069 SF total available area across 1220, 1230 and 1240 Avenida Acaso; 1220 offers 9,077 to 13,000 SF; 1230 offers 7,500 to 10,323 SF; 17,669 SF of mezzanine offices, divisible to 5,000 SF
