Light Industrial Flex
For Sale
$2,400,000
94 W Cochran Street Unit B, Simi Valley, CA 93065
Move-in ready industrial condominium with a concrete tilt-up build-out suited for light manufacturing or warehousing.
Property Size6,900 SF
Price / SF$347.83
Days on Market89
Property Features for 94 W Cochran Street Unit B
General Information
Standard status
Active
Size
6,900 SF
Property subtype
Industrial - Manufacturing
Building Details
Building Size
6,900 SF
Year Built
1989
Construction
concrete tilt-up
Listing Agency:
NAI Capital
(661) 341-1243
Listed By:
Eric Seidenglanz · License #01975684
Source:
Commercialcafe
Added: May 29
Changed: Aug 24
Last Checked: Aug 18 at 5:43AM
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
Investment Insights
Based on property information with market context.
This move-in ready industrial condominium offers approximately 6,900 SF of flex-capable space in a concrete tilt-up facility. The layout is described as well-balanced for a range of light industrial and office-adjacent uses, including warehousing, corporate R&D, creative flex use, or light manufacturing.
The property is located within the Simi Valley Business Center at 94 W. Cochran Street, Unit B. As an industrial condominium, it provides a defined unit for tenant or owner-occupant use within the broader business center setting.
The building’s concrete tilt-up construction and the property’s stated use flexibility make it a practical option for users seeking functional, ready-to-occupy industrial space.
The property is located within the Simi Valley Business Center at 94 W. Cochran Street, Unit B. As an industrial condominium, it provides a defined unit for tenant or owner-occupant use within the broader business center setting.
The building’s concrete tilt-up construction and the property’s stated use flexibility make it a practical option for users seeking functional, ready-to-occupy industrial space.
Key Highlights
- 6,900 SF industrial condominium, Unit B, at 94 W. Cochran Street
- Built in 1989
- Concrete tilt‑up construction
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
$91,602
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
3.82%
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%
$1,832,040
$1.8M
Cap Rate 7%
$1,308,600
$1.3M
Cap Rate 9%
$1,017,800
$1.0M
Market Conditions
NOI Build-Up for 6,900 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
$153.2K $22.20/SF
− Vacancy
−$12.3K −$1.78/SF
EGI
$140.9K $20.42/SF
− OpEx
−$49.3K −$7.15/SF
NOI
$91.6K $13.28/SF
Area
Simi Valley, CA
Vacancy
8.00%
Lease Rate
$22.20 /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%
$1,832,040
Cap Rate 7%
$1,308,600
Cap Rate 9%
$1,017,800
Alternative Uses
Best Use
Flex RnD
$1.31M
$1.15M – $1.53M
NOI $91,602 @ 7.0% cap · market cap 3.82%
Second Best
Warehouse
$985.8K
$862.6K – $1.15M
NOI $69,008 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,068 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93065, CA
73,943
Population
26,260
Households
2.8
Avg Household Size
41
Median Age
38%
College-Educated
92%
High-School Grad
29.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$113,893
Median Household Income
$57,549
Median Earnings
$2,612
Median Rent
$759,700
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready industrial condominium with a concrete tilt-up build-out suited for light manufacturing or warehousing.
Where is this flex space located?
The property is located at 94 W Cochran Street Unit B Simi Valley, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 6,900 SF industrial condominium, Unit B, at 94 W. Cochran Street; Built in 1989; Concrete tilt‑up construction
