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Property profile & analytics
FOR SALE
Manufacturing properties

1535 Rancho Conejo Blvd Newbury Park, CA 91320

98,449 SF 7.32 ac lot Built 1990
Entity Owned 6-yr Hold ~ Est. High Equity
Property ID
US10-1275500
Property summary
AI-generated overview

This exceptional 98,980-square-foot medical office building, located at 1535 Rancho Conejo Boulevard in Thousand Oaks, California, 91320, presents a unique investment opportunity. The property features multiple tenancies and offers a variety of spaces to suit diverse needs. Currently, there is 46,987 square feet of vacant space available, with the largest contiguous space measuring 19,333 square feet. The building boasts impressive 18-foot ceiling heights, providing ample room for various configurations. Two dock-high loading docks enhance logistical efficiency. Parking is readily available, with a ratio of 3.9 spaces per 1,000 square feet. One immediately available suite encompasses 53,000 square feet, featuring a move-in ready wet lab, office space, and a clean room. This suite was recently built out in 2020/2021. Another suite of approximately 45,000 square feet is available, with the landlord open to customizing the space based on tenant requirements and lease terms. This property is ideally situated in Thousand Oaks, offering excellent access to major transportation routes and a thriving medical community. The building's modern design and ample space make it an attractive option for a wide range of medical and laboratory users. This is a rare opportunity to secure a significant presence in a highly desirable location.

Property profile
Verified
Property type Manufacturing properties
Use group HEAVY MANUFACTURING
Year built 1990
Total area 98,449 SF
Lot 7.32 ac (318,859 SF)
APN 667-0-360-045
UPID US10-1275500
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Persephone Software (Bike/Boat/Book/etc) Store Corporate Office
  • Blink Charging Station Electric Vehicle Charging Station
  • InstilBio Corporate Office
  • Amgen Training Center Corporate Office
  • Thousand Oaks Artificial Grass Group Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$17.65M
Comparable Approach Comparable
$10.52M
Blend (final) Blend
$14.11M
Owner & transaction history
Einsteinium 99 LLC · 6 yrs held
Einsteinium 99 LLC
since 2019
7 recorded transactions
2019
Price N/A
2019
$16.5M
2018
Price N/A
2016
$13.0M
2015
Price N/A
2007
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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