110 Ventura St Ojai, CA 93023
- Retail properties
- 2,329 SF
- 0.50 lot acres
Current Use by Public Records
- Pacific Western Bank / Atm
- Banc of California / Atm / Bank
Property Details for 110 Ventura St
- Year built
- 1969
- Lot size
- 0.50 lot acres
- Property size
- 2,329 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional investment opportunity presents a 2,329 square foot retail property in Ojai, CA, currently leased to Banc of California under an absolute NNN lease. The property boasts a strong 4.01% cap rate and a substantial net operating income (NOI) of $63,748. Located on 0.5 acres at 110 S Ventura St, 93023, this prime location benefits from Ojai's thriving tourism and supportive community, placing it near popular attractions like the Ojai Valley Inn and Ojai Coffee Roasters. The lease features a remaining term of approximately 2.3 years, with 3% annual rent bumps and two 5-year renewal options, ensuring long-term income stability. Built in 1969, the property is currently 100% occupied. The tenant, Banc of California, is a significant financial institution with a strong presence in California, further enhancing the investment's security and appeal. This is a rare chance to acquire a stable, high-performing retail asset in a desirable location with significant upside potential. The property's strong financials, coupled with the tenant's financial stability and the favorable lease terms, make this an attractive investment for discerning buyers.
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
- Ojai
- County
- Ventura
- State
- California
- Longitude
- -119.247
- Latitude
- 34.4471
