431 Channel Is Blvd Port Hueneme, CA 93041
- Lifestyle centers
- 10,845 SF
Current Use by Public Records
- Visible Changes / Beauty Salon
Property Details for 431 Channel Is Blvd
- Property size
- 10,845 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 10,845-square-foot shopping center in Port Hueneme, California, presents a rare investment opportunity. Located at 431 W Channel Islands Blvd, this multi-tenant property boasts a prime location on a busy thoroughfare connecting Oxnard and Port Hueneme to the Pacific Ocean and harbor. The striking Spanish Colonial Revival architecture, featuring a tile roof, arches, and brick facade, offers significant curb appeal. Currently operating at 100% occupancy with six units, the property generates a pro-forma NOI of $133,590 and a pro-forma cap rate of 4.02%. The asking price is $3,325,000, translating to $306.59 per square foot. This is a net lease (NNN) investment. The property's strong performance and unique architectural character provide a solid foundation for future growth. There is potential for value-add opportunities. Note that a similar adjacent property is also available for purchase. This property is offered as a net lease investment. The property is located in Ventura County, CA, zip code 93041.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Port Hueneme
- County
- Ventura
- State
- California
- Longitude
- -119.209
- Latitude
- 34.1762
