2000 Corporate Center Dr Thousand Oaks, CA 91320

Property Details for 2000 Corporate Center Dr

Year built

1986

Lot size

6.70 lot acres

Property size

105,215 SF

Property type

Flex space

Description

This exceptional 105,215-square-foot industrial flex building, located at 2000 Corporate Center Drive in Thousand Oaks, CA 91320, presents a compelling investment opportunity. Built in 1986 and extensively renovated in 2023, this single-building property sits on a substantial 6.7-acre lot. The building boasts a 30-foot clear ceiling height, five loading docks, and two dock-high doors, providing ample space and functionality for its current tenants. Currently 100% leased to high-quality credit tenants on a triple-net (NNN) basis, this property offers a weighted average lease term (WALT) of 8.8 years, ensuring long-term stability and predictable cash flow. The property benefits from its location in the highly desirable Conejo Spectrum market, known for its low vacancy rates (averaging 1.8% over the past decade) and high barrier to entry. The infill location and strong demand for large, functional industrial space in Thousand Oaks, coupled with limited land zoned for industrial use, contribute to the property's significant value and potential for future appreciation. This is an institutional-quality, low-risk investment with substantial upside potential. The property's strong historical occupancy and aligned lease expirations provide maximum flexibility for future ownership.

Location Insight

City

Thousand Oaks

County

Ventura

State

California

Longitude

-118.9228358

Latitude

34.1969819