1100 Ventura RdOxnard, CA 93030

Property Details for 1100 Ventura Rd

Year built

1973

Lot size

0.09 AC

Property size (Sq ft)

736 SF

Zone code

COPD

Property type

Healthcare properties

Property subtype

Medical offices

APN

200-0-450-085

APU

2000450085

Description

This exceptional investment opportunity presents two fully leased Class C commercial office condos situated at 1100 N Ventura Rd, Oxnard, CA 93030. The property boasts a total of 2,898 square feet of rentable space, with a net rentable area of 3,000 square feet. Currently housing two tenants under a gross lease agreement, this multi-tenant building offers a stable income stream. The asking price is $725,000, translating to a price per square foot of $250.17 and a compelling 5.77% capitalization rate. The property generates a substantial Net Operating Income (NOI) of $41,818. No tenant credit rating is available. This centrally located Oxnard property provides a strong foundation for a secure and profitable investment, ideal for those seeking a consistent return in a thriving market. The property is classified as a traditional office building. This is a rare opportunity to acquire a well-performing commercial property in a desirable location. The property's location in Ventura County offers easy access to major transportation routes and amenities.

• CAP approach

  CAP return

  Valuation

  6%

  $220,858

  6.5%

  $203,869

  7%

  $189,307

• Comparable approach

  Method

  Valuation

  Relative Method

  $139,958

  Geo Method

  $139,958

• Alternative Use

  Use

  Valuation

  Residential

  $252,797

  Hospitality

  $231,561

  Educational

  $192,656

  Medical

  $199,282

  Retail

  $299,687

Location Insight

City

Oxnard

County

Ventura

State

California

Latitude

34.2128

Longitude

-119.194

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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