Light Industrial Flex
For Sale
$2,400,000
94 W Cochran Street Unit B, Simi Valley, CA 93065
Move-in ready industrial condominium with a concrete tilt-up build-out suited for light manufacturing or warehousing.
Property Size6,900 SF
Price / SF$347.83
Days on Market147
Property Features for 94 W Cochran Street Unit B
General Information
Standard status
Active
Size
6,900 SF
Property subtype
Industrial - Manufacturing
Building Details
Building Size
6,900 SF
Year Built
1989
Construction
concrete tilt-up
Listing Agency:
NAI Capital
Listed By:
Eric Seidenglanz · License #01975684
(661) 341-1243
Source:
Commercialcafe
Added: May 29
Changed: Oct 11
Last Checked: Oct 20 at 5:34PM
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
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Investment Insights
Based on property information with market context.
This move-in ready industrial condominium offers approximately 6,900 SF of flex-capable space in a concrete tilt-up facility. The layout is described as well-balanced for a range of light industrial and office-adjacent uses, including warehousing, corporate R&D, creative flex use, or light manufacturing.
The property is located within the Simi Valley Business Center at 94 W. Cochran Street, Unit B. As an industrial condominium, it provides a defined unit for tenant or owner-occupant use within the broader business center setting.
The building’s concrete tilt-up construction and the property’s stated use flexibility make it a practical option for users seeking functional, ready-to-occupy industrial space.
The property is located within the Simi Valley Business Center at 94 W. Cochran Street, Unit B. As an industrial condominium, it provides a defined unit for tenant or owner-occupant use within the broader business center setting.
The building’s concrete tilt-up construction and the property’s stated use flexibility make it a practical option for users seeking functional, ready-to-occupy industrial space.
Key Highlights
- 6,900 SF industrial condominium, Unit B, at 94 W. Cochran Street
- Built in 1989
- Concrete tilt‑up construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,602
Cap Rate
3.82%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,832,040
$1.8M
Cap Rate 7%
$1,308,600
$1.3M
Cap Rate 9%
$1,017,800
$1.0M
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$153.2K $22.20/SF
− Vacancy
−$12.3K −$1.78/SF
EGI
$140.9K $20.42/SF
− OpEx
−$49.3K −$7.15/SF
NOI
$91.6K $13.28/SF
Area
Simi Valley, CA
Vacancy
8.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,832,040
Cap Rate 7%
$1,308,600
Cap Rate 9%
$1,017,800
Alternative Uses
Best Use
Flex RnD
$1.31M
$1.15M – $1.53M
NOI $91,602 @ 7.0% cap · market cap 3.82%
Second Best
Warehouse
$985.8K
$862.6K – $1.15M
NOI $69,008 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.24M
$1.96M – $2.62M
NOI $157,068 @ 7.0% cap · market cap 6.54%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 93065, CA
73,943
Population
26,260
Households
2.8
Avg Household Size
41
Median Age
38%
College-Educated
92%
High-School Grad
29.8 sq mi
ZIP Area
2,481
Density / Sq Mi
$113,893
Median Household Income
$57,549
Median Earnings
$2,612
Median Rent
$759,700
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Tacos Famosos — Serving most of Ventura County, Other cities may be available. Additional charges will apply., Simi
Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready industrial condominium with a concrete tilt-up build-out suited for light manufacturing or warehousing.
Where is this flex space located?
The property is located at 94 W Cochran Street Unit B Simi Valley, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 6,900 SF industrial condominium, Unit B, at 94 W. Cochran Street; Built in 1989; Concrete tilt‑up construction
