Current Use by Public Records
- Ventura County Council-Aging / Community Center
- 99 Cents Only Stores / Discount Store
Property Details for 4917 Rose Ave
- Year built
- 1973
- Lot size
- 5.27 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents the College Park Shops, a 53,321-square-foot grocery-anchored shopping center located in Oxnard, California. The property boasts a strong tenant roster of 14 businesses, including key anchors Dollar Tree and Island Pacific Seafood Market, resulting in a 94% occupancy rate. Situated on a 5.27-acre lot (229,400 square feet) with ample parking (293 spaces, a 5.47:1000 sq ft ratio), the center enjoys a prime location at the signalized intersection of Rose Avenue and East Pleasant Valley Road, experiencing over 40,000 vehicles daily. Built in 1973, this fee-simple property offers significant value-add potential through renovations and lease-up opportunities. The current Net Operating Income (NOI) stands at $1,014,747, yielding a 5.64% cap rate at an asking price of $17,995,000 ($337.48 per square foot). The center benefits from its proximity to Oxnard City College, Port Hueneme, and a major transportation hub, serving a thriving community. Island Pacific, a regional Filipino market, serves a significant portion of the local Asian population, contributing to the center's consistent performance and resilience. Other tenants include a diverse mix of businesses such as College Donuts, Four Guys Liquors, a meat market, a hair salon, and a laundromat. The property's location and strong tenant base make it an attractive investment for those seeking a stable, high-performing retail asset with upside potential. The APN is 224-0-020-285. The lease type is NNN (Triple Net).
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Oxnard
- County
- Ventura
- State
- California
- Longitude
- -119.161
- Latitude
- 34.1559
