Mid-Century Class A
250 S Mills Rd Ventura, CA 93003
250 S Mills Rd, Ventura, CA, 93003
Contact for pricing
For Sale
Contact for pricing
Remodeled Class A building with ample parking and event space.
Property Size14,112 SF
Price / SF$587.80
Days on Market892
Property Features for 250 S Mills Rd
General Information
- Standard status
- Active
- Size
- 14,112 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1965
Listing agency
Lee & Associates - LA North - Ventura County
(818) 223-4388
Listed by
Bruce Milton · License #CA 01945652
Source
Crexi
Added: Feb 10, 2024 Updated: Jul 10 at 11:21AM Checked: Jul 21 at 7:05AM
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 Lee & Associates - LA North - Ventura County
Investment Insights
Based on property information with market context.
This updated and remodeled Mid-Century Class A building was designed by William Pereira, an American architect known for futuristic designs. The structure reflects pride of ownership, suitable for tenants or a single user business or company. It features over 200 parking spaces on two levels, along with an outside deck exceeding 1,500 square feet for special events or other activities. The property is located across the street from Pacific View Mall at a signalized intersection, near businesses such as Target, Trader Joe's, and BevMo. The signalized intersection provides direct access to the main entry drive. The building owners have fully updated the infrastructure to meet new city codes and requirements. The property size is 14,112 square feet.
Key Highlights
- Designed by renowned architect William Pereira (Transamerica Pyramid, LAX Theme Building).
- Over 200 parking spaces on two levels.
- Updated infrastructure to meet new city codes and requirements.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $790.8k | $56.04 |
| − Vacancy | −$128.9k | −$9.13 |
| EGI | $661.9k | $46.91 |
| − OpEx | −$165.5k | −$11.73 |
| NOI | $496.4k | $35.18 |
14,112 SF · lease $56.04/SF/yr · vacancy 16.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$7.09M
$6.21M – $8.27M
NOI $496,448 @ 7.0% cap · market cap 5.98%
Second Best
Retail
$5.45M
$4.76M – $6.35M
NOI $381,186 @ 7.0% cap · market cap 4.60%
Theoretical Best
Office A
$8.52M
$7.45M – $9.94M
NOI $596,374 @ 7.0% cap · market cap 7.19%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Remodeled Class A building with ample parking and event space.
Where is this office building located?
The property is located at 250 S Mills Rd Ventura, CA.
What is the asking price?
The asking price for this property is $8,295,000.
What are key features of this property?
This property features: Designed by renowned architect William Pereira (Transamerica Pyramid, LAX Theme Building).; Over 200 parking spaces on two levels.; Updated infrastructure to meet new city codes and requirements.
