Property profile

2199-2277 Michael Dr Thousand Oaks, CA 91320

OFF-MARKET
Neighborhood centers
24,606 SF Built 1980
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Property summary

AI-generated overview

This exceptional 24,606 square foot, single-story retail and office strip center in Ventura County boasts a prime location with high pedestrian and automobile traffic. Currently, one 1,200 square foot space is available, featuring four offices and a waiting area. The property, built in 1980, sits on a 3.19-acre lot and offers 160 parking spaces, newly paved and striped, with convenient access from Michael Drive and Newbury Road. The building enjoys a strong tenant mix including a vet clinic, wine and spirit store, Mexican restaurant, steakhouse, and vegan restaurant. Its strategic location near the 101 and 23 freeways provides excellent accessibility. The surrounding area offers a wealth of amenities, including restaurants, lodging, schools, libraries, medical centers (such as Los Robles Regional Medical Center and Thousand Oaks Surgical Hospital), and major retailers like Target, Walmart, Home Depot, Lowe's, and numerous national chains. A pylon sign and signalized intersection further enhance visibility. The available space is priced at $2.50 per square foot plus $0.50 per square foot NNN per month. Don't miss this opportunity to secure a space in a thriving commercial center.

Property profile

Verified
Property type Neighborhood centers
Year built 1980
Total area 24,606 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2199-2277 Michael Dr Thousand Oaks, CA 91320
Thousand Oaks metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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