Thousand Oaks Industrial
For Sale
$29,461,410
1515 Rancho Conejo Boulevard, Thousand Oaks, CA 91320
Freestanding industrial building with freeway access and modern features.
Property Size89,277 SF
Price / SF$330
Days on Market182
Property Features for 1515 Rancho Conejo Boulevard
General Information
Standard status
Active
Size
89,277 SF
Property subtype
Industrial
Listing Agency:
CBRE - Ventura
Listed By:
Tom Dwyer · License #01197938
(805) 288-4711
Source:
Cbre
Added: Apr 15
Changed: Oct 12
Last Checked: Oct 12 at 5:33PM
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 CBRE - Ventura
Investment Insights
Based on property information with market context.
This industrial building in Thousand Oaks features clear heights ranging from 27'8" to 30'. The property includes 17 dock-high doors, equating to approximately 1.9 docks per 10,000 square feet. Equipped with ESFR sprinklers, this state-of-the-art, freestanding building offers accessibility to the 101 Freeway and is located minutes from outdoor recreation and trails. The property size is 89,277 square feet.
Key Highlights
- Great Accessibility to 101 Freeway
- 27'8" - 30' Clear Height**
- 17 Dock High Doors** |1.9 Docks / 10,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,262,819
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,256,380
$25.3M
Cap Rate 7%
$18,040,271
$18.0M
Cap Rate 9%
$14,031,322
$14.0M
Market Conditions
NOI Build-Up for 89,277 SF
Gross rent
$1.59M $17.76/SF
− Vacancy
−$99.9K −$1.12/SF
EGI
$1.49M $16.64/SF
− OpEx
−$222.9K −$2.50/SF
NOI
$1.26M $14.14/SF
Area
Thousand Oaks, CA
Vacancy
6.30%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$25,256,380
Cap Rate 7%
$18,040,271
Cap Rate 9%
$14,031,322
Alternative Uses
Best Use
Warehouse
$18.04M
$15.79M – $21.05M
NOI $1,262,819 @ 7.0% cap · market cap 4.29%
Second Best
Industrial
$14.86M
$13.00M – $17.33M
NOI $1,039,968 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$34.98M
$30.61M – $40.81M
NOI $2,448,738 @ 7.0% cap · market cap 8.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
613
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91320, CA
44,462
Population
15,509
Households
2.9
Avg Household Size
43
Median Age
53%
College-Educated
95%
High-School Grad
20.2 sq mi
ZIP Area
2,201
Density / Sq Mi
$150,861
Median Household Income
$62,932
Median Earnings
$2,617
Median Rent
$917,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Pro-Tek Vaults — 1471 Lawrence Dr, Thousand Oaks, CA 91320
- Thousand Oaks Storage Solutions — 1467 Lawrence Dr, Newbury Park, CA 91320
Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding industrial building with freeway access and modern features.
Where is this warehouse located?
The property is located at 1515 Rancho Conejo Boulevard Thousand Oaks, CA.
What is the asking price?
The asking price for this property is $29,461,410.
What are key features of this property?
This property features: Great Accessibility to 101 Freeway; 27'8" - 30' Clear Height**; 17 Dock High Doors** |1.9 Docks / 10,000 SF
