University Shopping Center

Transcription

1 University Shopping Center Offering for Sale E. Avenida de los Arboles Thousand Oaks, CA EXCLUSIVE AGENT: PAUL FORBAT (805) CAL BRE #

2 Offering for Sale PCI Commercial Realty Group is pleased to offer for sale an 8,000 square-foot portion of the University Shopping Center in Thousand Oaks, California. Situated between Trader Joe s and Rite Aid, this multi-tenant investment property is fully leased to Subway and well established neighborhood restaurants and merchants. Adjacent buildings feature national chain retailers including Unleashed by Petco, T-Mobile, Sonus Hearing Care Professionals and Union 76. With favorable demographics, proximity to the 101 and 23 Freeways, and Cal Lutheran University and Thousand Oaks High School located just minutes away, the center stays busy and enjoys consistently high occupancy. The investment is ideally suited for investors seeking stable income, minimal management, and potential for appreciation. Offering Price $5,150,000 Net Operating Income $293,430 Cap Rate 5.7% Occupancy 100% Building Sq. Ft. 8,000 Parcel Sq. Ft. 35,062 Ownership Fee Simple DISCLAIMER: All information in this Offering for Sale, although obtained from sources deemed reliable, is subject to errors and omissions and must be independently verified. Agent makes no representation or warranty regarding any aspect of the property and/or its suitability for investment, and disclaims all liability therefor.

3 Investment Summary INCOME & VALUE 2016 Scheduled Base Rent $322,450 Management Allowance (4%) ($12,898) Vacancy Allowance (5%) ($16,123) 2017 NOI (est.) $293,430 See Note 1 See Note 2 See Note 3 INVESTMENT SUMMARY NOTES: 1. Base rent is the annualized monthly net rent payable as of October 1, 2017 pursuant to current leases (all NNN). A current rent roll and lease copies will be included in due diligence materials available to prospective buyers who execute a confidentiality agreement. Offering Price $5,150,000 Cap Rate 5.7% SITE DATA Building GLA 8,000 Shopping Center GLA 76,732 Year Built 1974 Zoning C1 (commercial) Parcel No Municipality Thousand Oaks County Ventura DEMOGRAPHICS Population 1 Mile 3 Mile 5 Mile 2017 Total Population: 16,132 68, , Projected Population: 16,490 69, ,890 Median Household Income: $106,074 $106,029 $104, Management allowance pertains only to operation of the multi-tenant buildings for sale. Maintenance and management of the surrounding shopping center common area (parking lot, landscaping) is separate per recorded agreements and included in CAM charges to tenants. 3. Tenant occupancy is 100% as of October 1, For valuation purposes only, a vacancy allowance is shown but does not indicate or imply a potential vacancy. DISCLAIMER: Agent makes no representation or warranty regarding the property or its performance, without limitation including (a) its financial condition, (b) its physical condition, including compliance with applicable laws (e.g. zoning, building codes), (c) its suitability for investment, (d) the future performance of the property, and/or (e) the tax and/or legal consequences of the investment. Prospective buyers are solely responsible to conduct careful due diligence and to obtain advice from legal, accounting and other professionals as necessary to evaluate the suitability of the property for their purposes. All information provided by Agent is intended for verification by buyer and is subject to errors and omissions. T-Mobile Unleashed by P e t c o NOTICE: The Offering for Sale is subject to an exclusive listing agreement with PCI Commercial Realty Group, CAL BRE Copyright All rights reserved.

4 Site Plan SUBJECT PROPERTY: Fresh Donuts TK Nail Salon Arboles Animal Clinic PJ s Pub Subway Allegro Pizza Sonus Hearing Fibber McGee Thrift Shop Unleased by Petco T-Mobile Three Amigos Mexican Restaurant Mail Center Rite Aid SUBJECT Trader Joe s Prism Dental Group Brucar Lock & Safe Imperial Garden Chinese Restaurant Barber Shop Laria Insurance Southwest Liquor Store Diamond Cleaners Launderland Site plan is approximate only; all information is subject to verification. NOTICE: Except for the subject property, the buildings and tenants depicted above are not a part of the offering for sale and are intended for general information purposes only without representation or warranty.

5 SUBJECT Parcel Map U n - leashed by Petco T-Mobile NOTICE: The parcel map shown is obtained from the County of Ventura Assessor s Office and is intended for general information purposes only without representation or warranty.

6 Moorpark Rd. University Shopping Center SUBJECT NOTICE: Except for the subject property, the buildings and tenants pictured above are not a part of the offering for sale and are intended for general information purposes only without representation or warranty.

7 Major Tenants Unleashed by Petco T-Mobile NOTICE: The buildings and tenants pictured above are not a part of the offering for sale and are intended for general information purposes only without representation or warranty.

8 Regional Map Santa Paula Fillmore Ventura County Southern California Ventura Moorpark Simi Valley Oxnard Camarillo Newbury Park Thousand Oaks Westlake Village Agoura Hills Calabasas Los Angeles

9 Property Location & Community PROPERTY LOCATION Accessible to both Los Angeles and Ventura Counties via the 23 and 101 Freeways, the shopping center is well positioned in northern Thousand Oaks near major community institutions, and away from other supermarket/drug anchored centers. Cal Lutheran, a private university of over 4,100 students plus faculty and staff, is just a half mile away. It is also home to the Los Angeles Rams football team (in-season training facility). Several large senior-living communities are situated within a mile, including University Village, The Reserve at Thousand Oaks, and Belmont Village Senior Living. Nearby schools include Thousand Oaks High School, La Reina High School (private), Conejo Valley Adult School and others. Los Robles Hospital & Medical Center is located 2 miles away. No competing neighborhood centers are located within a mile. COMMUNITY Thousand Oaks, a family-oriented community of 128,000, is home to excellent schools, outstanding parks, and myriad shopping opportunities, including the largest auto mall in the nation, according to J.D. Powers and Associates. Located in scenic Ventura County, just 12 miles inland from the Pacific Ocean, the City is surrounded by more than 14,800 acres of natural open space with 75 miles of trails for hiking, biking and walking. Another source of pride is the Thousand Oaks Civic Arts Plaza, featuring world-class entertainment, musicals, concerts, children s shows, ballets and much more. Incorporated in 1964, Thousand Oaks is a master planned community. The City provides a wide range of services to residents including a library, teen center, senior center, cultural center, quality infrastructure and natural open space. The City has maintained a balanced budget throughout its history due to conservative management. Major employers in the greater Thousand Oaks area include: Amgen Anthem Blue Cross Baxter Healthcare Los Robles Hospital & Medical Center Thousand Oaks is a premiere Southern California community with family-friendly amenities. More than 40 years of achievements have made Thousand Oaks one of the most sought-after places in California to live, work and play. The City's well-deserved accolades include: Ranked #12 in 2015 by FBI for safety (lowest violent crime rate) for US Cities with population of 100,000+ Ranked #4 on Kiplinger's 10 Great Cities to Raise Your Kids (2012) Bicycling Magazine's Top 50 Bike-Friendly Cities in America Community information is adapted from Conejo Valley Chamber of Commerce website. Unleashed by Petco T-Mobile NOTICE: The Offering for Sale is subject to an exclusive listing agreement with PCI Commercial Realty Group, CAL BRE Copyright All rights reserved.