Property profile

420 Pennsfield Pl Thousand Oaks, CA 91360

FOR LEASE
Land
Property ID
US10-1445747
0.68 ac lot
Individually Owned 9-yr Hold
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Property summary

AI-generated overview

This exceptional 0.68-acre commercial land parcel, located at 420 Pennsfield Pl., Thousand Oaks, CA 91360 (APN 669-0-021-080), is offered at $3,500,000 fee simple. The property boasts approved plans, permits, and entitlements for a state-of-the-art, approximately 112,293 square foot, two-story medical office building, including hardscape and landscaping. Its strategic location in the highly desirable Thousand Oaks/SE County submarket provides unparalleled access to major transportation arteries, including the 101 and 23 freeways, ensuring convenient commutes for staff and clients. The site benefits from a soft corner location, maximizing visibility and attracting potential clientele. Surrounded by a wealth of amenities, including Janss Marketplace, The Oaks Mall, Best Buy, Whole Foods, and numerous retail centers, this property presents a unique opportunity to capitalize on a thriving and vibrant commercial environment. This ready-to-build site offers significant potential for immediate development and substantial return on investment. Don't miss this chance to acquire a prime piece of commercial real estate in a highly sought-after location.

Property profile

Verified
Property type Land
Lot 0.68 ac (29,621 SF)
UPID US10-1445747

Cap rate & NOI

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

Location

420 Pennsfield Pl Thousand Oaks, CA 91360
Thousand Oaks metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
1 recorded transaction
2017
$1.6M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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