Industrial Flex
For Sale
Contact for pricing
98 W Cochran St, Simi Valley, CA 93065
Industrial flex property in a professional business park with immediate Highway 118 access.
Property Size14,578 SF
Days on Market104
Property Features for 98 W Cochran St
General Information
Standard status
Active
Size
14,578 SF
Property subtype
Industrial
Site & Location
Neighborhood
Yes
Building Details
Building Size
14,578 SF
Year Built
1988
Properties For Sale
at 98 W Cochran St Contact usAvailable Space
Size
3,263-14,578 SF
Lease Type
G
Available Space
Size
3,263 SF
Lease Type
G
Available Space
Size
4,764 SF
Lease Type
G
Available Space
Size
6,551 SF
Lease Type
G
Listing Agency:
Daum Commercial
Listed By:
Taylor Jocoy · License #CA 02049497
(818) 449-1636
Source:
Daumcommercial
Added: Jul 24
Changed: Nov 4
Last Checked: Nov 4 at 9:33AM
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 Daum Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This industrial flex condominium is offered for sale and sits within a professional business park environment. The property is classified under county land use as industrial condominium (2029).
The asset is positioned along a main thoroughfare and provides immediate access to Highway 118. It is also within walking distance to numerous retail amenities.
The listing is presented for sale with a total size of 6,551 square feet.
The asset is positioned along a main thoroughfare and provides immediate access to Highway 118. It is also within walking distance to numerous retail amenities.
The listing is presented for sale with a total size of 6,551 square feet.
Key Highlights
- Industrial flex property in a professional business park environment
- Immediate access to Highway 118
- Walking distance to numerous retail amenities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,623,900
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,478,000
$852.5M
Cap Rate 7%
$608,912,857
$608.9M
Cap Rate 9%
$473,598,889
$473.6M
Market Conditions
NOI Build-Up for 5,175,190 SF
Gross rent
$65.83M $12.72/SF
− Vacancy
−$4.94M −$0.95/SF
EGI
$60.89M $11.77/SF
− OpEx
−$18.27M −$3.53/SF
NOI
$42.62M $8.24/SF
Area
Simi Valley, CA
Vacancy
7.50%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,478,000
Cap Rate 7%
$608,912,857
Cap Rate 9%
$473,598,889
Alternative Uses
Best Use
Flex RnD
$981.48M
$858.80M – $1,145.06M
NOI $68,703,752 @ 7.0% cap · market cap 6,870,375,200.00%
Second Best
Industrial
$608.91M
$532.80M – $710.40M
NOI $42,623,900 @ 7.0% cap · market cap 4,262,390,000.00%
Theoretical Best
Office A
$1,682.94M
$1,472.57M – $1,963.43M
NOI $117,805,541 @ 7.0% cap · market cap 11,780,554,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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 - Industrial flex property in a professional business park with immediate Highway 118 access.
Where is this flex space located?
The property is located at 98 W Cochran St Simi Valley, CA.
What are key features of this property?
This property features: Industrial flex property in a professional business park environment; Immediate access to Highway 118; Walking distance to numerous retail amenities
