Remodeled Newbury Park Corporate
3615 Old Conejo Rd, Newbury Park, CA 91320
For Sale
$6,999,999
High-image industrial building with lab space near Amgen campus.
Property Size23,919 SF
Price / SF$292.65
Days on Market355
Property Features for 3615 Old Conejo Rd
General Information
Standard status
Size
Class
Property subtype
Building Details
Building Size
Listing Agency:
NAI Capital HQ
Listed By:
Marcos Villagomez · License CA #02071771
(818) 631-7093
Source:
Naiglobal
Added: Nov 21, 2025
Changed: Aug 11
Last Checked: Aug 11 at 11:20AM
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
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Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$553,729
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,074,580
$11.1M
Cap Rate 7%
$7,910,414
$7.9M
Cap Rate 9%
$6,152,544
$6.2M
Market Conditions
NOI Build-Up for 23,919 SF
Gross rent
$907.0K $37.92/SF
− Vacancy
−$168.7K −$7.05/SF
EGI
$738.3K $30.87/SF
− OpEx
−$184.6K −$7.72/SF
NOI
$553.7K $23.15/SF
Area
Thousand Oaks, CA
Vacancy
18.60%
Lease Rate
$37.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,074,580
Cap Rate 7%
$7,910,414
Cap Rate 9%
$6,152,544
Alternative Uses
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 authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
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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
$917,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Manufacturing properties in Ventura County, CA
Properties on Market for Manufacturing properties in Ventura County
Vacancy Rate% for Office in West region
Frequently Asked Questions
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.
