453 Channel Is Blvd Port Hueneme, CA 93041
- Lifestyle centers
- 11,412 SF
Current Use by Public Records
- El Burrito de Mexico / Mexican Restaurant / Latin American Restaurant
Property Details for 453 Channel Is Blvd
- Property size
- 11,412 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 11,412 square foot shopping center in Port Hueneme, CA, presents a compelling investment opportunity. Located at 453 W Channel Islands Blvd, this single-building property boasts a striking Spanish Colonial Revival architectural style, featuring tile roof accents, arches, and a brick facade. Currently operating at 100% occupancy with eight tenants, the center generates a strong pro-forma NOI of $136,068, resulting in a 4.00% pro-forma cap rate. The asking price is $3,400,000, translating to $297.93 per square foot. The property benefits from high visibility and frontage on Channel Islands Blvd, a major thoroughfare connecting Oxnard and Port Hueneme to the Pacific Ocean and harbor. This net-lease investment offers significant upside potential through value-add opportunities. The property consists of six units within a single building and is situated in Ventura County, zip code 93041. Note that a similar adjacent property is also available for purchase.
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
- -119.21
- Latitude
- 34.1762
