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    2000 Corporate Center Dr Thousand Oaks, CA 91320

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    For Sale
    Contact for pricing

    105,215 SF Flex Space, 100% Leased

    Property size:
    105,215 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 105,215-square-foot industrial flex building, located at 2000 Corporate Center Drive in Thousand Oaks, CA 91320, presents a compelling investment opportunity. Built in 1986 and extensively renovated in 2023, this single-building property sits on a substantial 6.7-acre lot. The building boasts a 30-foot clear ceiling height, five loading docks, and two dock-high doors, providing ample space and functionality for its current tenants. Currently 100% leased to high-quality credit tenants on a triple-net (NNN) basis, this property offers a weighted average lease term (WALT) of 8.8 years, ensuring long-term stability and predictable cash flow. The property benefits from its location in the highly desirable Conejo Spectrum market, known for its low vacancy rates (averaging 1.8% over the past decade) and high barrier to entry. The infill location and strong demand for large, functional industrial space in Thousand Oaks, coupled with limited land zoned for industrial use, contribute to the property's significant value and potential for future appreciation. This is an institutional-quality, low-risk investment with substantial upside potential. The property's strong historical occupancy and aligned lease expirations provide maximum flexibility for future ownership.

    Property Features for 2000 Corporate Center Dr

    General Information

    Property type
    Flex space
    Square Feet
    105,215 SF
    Lot Size
    291,852 SF

    Building Details

    Year Built/Renovated
    1986/2023
    Buildings
    1

    HighLights

    • 105,215 SF industrial flex building on a 6.7‑acre lot in Thousand Oaks, CA.
    • 100% leased to two high‑quality credit tenants on a triple‑net (NNN) basis with an 8.8‑year weighted average lease term (WALT).
    • $2,648,811 Year 1 Net Operating Income (NOI), representing $25.18/SF.
    • No capital expenditures (CapEx) required through the lease term.
    • Significant discount to replacement cost.
    • Located in the Conejo Spectrum market, known for its historically low vacancy rates (1.8% average over the past 10 years) and high barrier to entry.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anthem Blue Cross Health Insurance Agency Tesla Car Repair And Maintenance Service Rajan Anita a MD Doctor Prestige Air Duct ... Air Duct Cleaning Service Alcatel-Lucent Enterprise USA ... Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Thousand Oaks
    County
    Ventura
    State
    California
    Longitude
    -118.9228358
    Latitude
    34.1969819

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    FAQs

    What type of property is this?
    Flex space - 105,215 SF Flex Space, 100% Leased
    Where is this flex space located?
    The property is located at 2000 Corporate Center Dr Thousand Oaks, CA.
    What are key features of this property?
    This property features: 105,215 SF industrial flex building on a 6.7-acre lot in Thousand Oaks, CA.; 100% leased to two high-quality credit tenants on a triple-net (NNN) basis with an 8.8-year weighted average lease term (WALT).; $2,648,811 Year 1 Net Operating Income (NOI), representing $25.18/SF.
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    2000 Corporate Center Dr Thousand Oaks, CA 91320
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2000 Corporate Center Dr Thousand Oaks, CA 91320
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