Ventura R&D/Warehouse/MFG
For Sale
$5,450,000
2935 Golf Course Dr, Ventura, CA 93003
Well-maintained R&D/Warehouse/MFG facility with easy freeway access.
Property Size24,202 SF
Days on Market203
Property Features for 2935 Golf Course Dr
General Information
Standard status
Active
Size
24,202 SF
Property subtype
Industrial
Building Details
Building Size
24,202 SF
Year Built
1985
Listing Agency:
Camarillo
Listed By:
Michael Wurtzel · License #CA #01916821
(805) 384-8843
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 21
Last Checked: Oct 20 at 5:06PM
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 Camarillo
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Investment Insights
Based on property information with market context.
This well-maintained facility is suitable for research and development, warehousing, or manufacturing. The building features a minimum clear height of 21 feet and extensive power distribution. New HVAC, asphalt, and a new roof were installed in 2017. The property offers easy access to the 101 Freeway at Victoria.
Key Highlights
- Easy access to 101 Freeway at Victoria
- New HVAC
- New asphalt and new roof in 2017
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$299,550
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,991,000
$6.0M
Cap Rate 7%
$4,279,286
$4.3M
Cap Rate 9%
$3,328,333
$3.3M
Market Conditions
NOI Build-Up for 24,202 SF
Gross rent
$371.7K $15.36/SF
− Vacancy
−$19.3K −$0.80/SF
EGI
$352.4K $14.56/SF
− OpEx
−$52.9K −$2.18/SF
NOI
$299.6K $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%
$5,991,000
Cap Rate 7%
$4,279,286
Cap Rate 9%
$3,328,333
Alternative Uses
Best Use
Warehouse
$4.28M
$3.74M – $4.99M
NOI $299,550 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$3.52M
$3.08M – $4.11M
NOI $246,688 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$8.31M
$7.27M – $9.69M
NOI $581,591 @ 7.0% cap · market cap 10.67%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 93003, CA
50,558
Population
20,734
Households
2.4
Avg Household Size
42
Median Age
41%
College-Educated
92%
High-School Grad
20.8 sq mi
ZIP Area
2,431
Density / Sq Mi
$100,300
Median Household Income
$50,185
Median Earnings
$2,173
Median Rent
$781,600
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Well-maintained R&D/Warehouse/MFG facility with easy freeway access.
Where is this manufacturing property located?
The property is located at 2935 Golf Course Dr Ventura, CA.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: Easy access to 101 Freeway at Victoria; New HVAC; New asphalt and new roof in 2017
