Remodeled Newbury Park Corporate
3615 Old Conejo Rd, Newbury Park, CA 91320
High-image industrial building with lab space near Amgen campus.
Type:Office
Property size:
23,919 SFPrice / SF:
$292/SF- Added:
- Nov 21, 2025
- Days on Market:
- 182
- Last Refresh:
- Apr 5 at 10:30 pm
Property Features for 3615 Old Conejo Rd
General Information
- Standard status
- Active
- Size
- 23,919 SF
- Property subtype
- Office
Listing agent Matt Ehrlich License #CalDRE #01936772 (805) 277-4029
Listing office NAI Capital HQ (805) 277-4029
Listing date Nov 21, 2025
Source Naiglobal
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 HQ
HighLights
- Newly remodeled high‑image corporate headquarters with Class‑A laboratory space, including built‑out clean/wet lab space.
- Multi‑million dollar specialized improvements, including Class 7 & 8 downdraft clean rooms and climate‑controlled laboratory space.
- Located in a highly desirable master‑planned business park adjacent to the 101 Freeway, offering easy access.
- Features a new 8' x 8' commercial walk‑in freezer and a new 20' x 11' commercial walk‑in refrigerator.
- High power: 600 Amps 277‑470Volt, 3 Phase, 4 Wire Power with ceiling drop power lines (240V).
- 19‑20 foot clearance height with two (2) 12' x 14' ground level loading doors and plentiful parking.
Overview
This 23,919-square-foot industrial building in Newbury Park, constructed in 2002, features remodeled high-image corporate headquarters and clean room laboratory space. Located in a master-planned business park adjacent to the 101 Freeway, it offers convenient access. The property includes specialized improvements, 19-foot clearance height, and two 12-foot by 14-foot ground-level loading doors. It is equipped with 600 Amps of 277-470Volt, 3 Phase, 4 Wire power, ceiling drop power lines (240V), a steam boiler, and humidity temperature-controlled manufacturing space. The building features Class-A laboratory space, including built-out clean and wet lab space, Class 7 & 8 downdraft clean rooms, climate-controlled laboratory space, sterilization and changing rooms, and centrifuge and evaporation room. Additional amenities include a new 8-foot by 8-foot commercial walk-in freezer, a new 20-foot by 11-foot commercial walk-in refrigerator, high-security with key card access, and security cameras. The office area is equipped with automatic sunshades, executive restrooms with a shower, a full employee kitchen with granite countertops and stainless steel fixtures, and high-image restrooms with polished concrete floors and stainless steel. The property also features Title 24 recessed lighting and skylights, open light and bright office space, 13,927 square feet of production space, and 9,992 square feet of office and lab space.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$6.15M
NOI $553,729 @ 9.00% cap · cautious / downside scenario
Moderate
$7.91M
NOI $553,729 @ 7.00% cap · market / base-case scenario
Aggressive
$11.07M
NOI $553,729 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- 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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $907.0k | $37.92 |
| − Vacancy | −$168.7k | −$7.05 |
| EGI | $738.3k | $30.87 |
| − OpEx | −$184.6k | −$7.72 |
| NOI | $553.7k | $23.15 |
23,919 SF · lease $37.92/SF/yr · vacancy 18.60% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$7.91M
$6.92M – $9.23M
NOI $553,729 @ 7.0% cap · market cap 7.91%
Second Best
Industrial
$3.98M
$3.48M – $4.64M
NOI $278,627 @ 7.0% cap · market cap 3.98%
Theoretical Best
Office A
$9.37M
$8.20M – $10.93M
NOI $656,063 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
RAAS Nutritionals, LLC
Food Processing Plant
Location Insight
- Map
- Local Demand
- City
- Newbury Park
- County
- Ventura
- State
- California
- Longitude
- -118.953
- Latitude
- 34.1964
Nearby Similar for Sale
FAQs
What type of property is this?
Manufacturing property - High-image industrial building with lab space near Amgen campus.
Where is this manufacturing property located?
The property is located at 3615 Old Conejo Rd Newbury Park, CA.
What is the asking price?
The asking price for this property is $6,999,999.
What are key features of this property?
This property features: Newly remodeled high‑image corporate headquarters with **Class‑A laboratory space, including built‑out clean/wet lab space.**; **Multi‑million dollar specialized improvements**, including Class 7 & 8 downdraft clean rooms and climate‑controlled laboratory space.; Located in a highly desirable master‑planned business park adjacent to the 101 Freeway, offering easy access.
