HIGHLY MOTIVATED SELLER! BUILDING NOW VACANT FOR SALE 30,624 SF RETAIL BUILDING L E E - A S S O C I A T E S. C O M LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.
1189 Simi Town Center Way Simi Valley, California 93065 Available SF 30,624 SF Sale Price $5.5 Million Available Immediately! Great location! FOR MORE INFORMATION, PLEASE CONTACT ANITA M. ARTUKOVICH Principal LIC NO 0085158 amartukovich@lee-associates.com 323.767.2103 FRO NT T ST Lee & Associates - Commerce, Inc. CORP ID 01125429 500 Citadel Dr, Ste 140, Commerce, CA 90040 P: 323.720.8484 F: 323.720.8474 LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. The information contained herein is obtained from sources believed to be reliable. However, we have not verified it and make no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is used for example and is submitted subject to errors, omissions, change of price or conditions, and is subject to prior sale, lease or withdrawal without notice.
PROPERTY SUMMARY PROPERTY HIGHLIGHTS OWNER USER OR INVESTOR DEVELOPER OPPORTUNITY - SIMI VALLEY, CA Freeway Convenient Abundant Great Parking New Ownership of SVTC: Alberta Development Partners Year Built: 2005 Available Immediately EXCELLENT RETAIL LOCATION Building SF:........ 30,624 SF Land Area:........ ±123,274 SF (±2.83 Acres) Superb synergy with surrounding credit tenants including: Best Buy, Lowe s, Costco, Walmart, Macy s, Urban Home, Bath & Body Works, Hollister, Ann Taylor, Islands Restaurant, Chipotle, California Pizza Kitchen, Corner Bakery Cafe, Studio Movie Grill and others Core retail location and synergistic surrounding tenant mix creates a point of destination location and satisfies daytime/evening customer demands SALE SUMMARY Price Ownership Type $5,500,000 ($180 PSF) Fee Simple Excellent visibility and ease of access from the highly trafficked SR-118 (Ronald Reagan Freeway) with over 113,000 cars per day Convenient, large, accessible parking field in front the building adds a convenience-oriented amenity for customers Multi-Million dollar renovation to adjacent Simi Valley Town Center will boost visibility for both centers from the 118 freeway with new digital signs on the slope below the properties CORP ID 01125429
PROPERTY SUMMARY STRONG REAL ESTATE FUNDAMENTALS Low Cost Per Square Foot for Newer Construction Ample, Convenient Parking Highly Visible AFFLUENT SOUTHERN CALIFORNIA DEMOGRAPHICS More than 70,200 people in a 3-mile trade area with an Average Household Income exceeding $112,000. More than 126,800 people in a 5-mile trade area with an Average Household income exceeding $117,000. Average Household Income in the city of Simi Valley exceeds $117,000 and benefits from an Effective Buyer Income of $83,000 per household per year. IDEAL 1031 EXCHANGE REPLACEMENT IN AFFLUENT TRADE AREA No In-Place Financing - Pay Cash or Obtain New Loan at Current Low Rates Available for a Quick Closing SI MI TOW OWN CENT NTER WY FI RST ST (14 RONALD REAGAN FWY (11 118 (11 3,0 3000 0 VPD) (14,000 000 VP D) CORP ID 01125429
PROPERTY DESCRIPTION LOCATION 1189 Simi Town Center Way Simi Valley, California 93065 SITE Located on one (1) parcel of land (APN: 612-0-230-035) totaling ±2.83 acres or 123,274 SF of land area. ZONING Regional Commercial Center - Specific Plan (RCC - SP) YEAR BUILT 2005 IMPROVEMENTS The property consists of one (1) retail commercial building containing ±30,624 SF. The building has an approximate width of 166 and depth of 174. The building is sprinklered; with 600 Amps, 450/277 Volts, 3 Phase power and has two (2) dock high loading doors. PARKING All parking is reciprocal throughout Simi Valley Town and Country Center. There are ±231 stalls within the Parcel (7.5 Stalls/1,000 SF). STRUCTURAL ELEMENTS EXTERIOR Exterior Walls: Stucco Plaster Walls Exterior Windows: Glass in anodized aluminum faces Roof: Built up composition Roof: Mounted HVAC units (4-20 Ton; 2-7 1 / 2 Ton; 1-5 Ton) PARCEL MAP ACCESS The property has four (4) public points of ingress and egress; two (2) entrances from Simi Town Center Way along the South side of the subject property, one (1) entrance from Jefferson Way along the East Side of the subject property, and one (1) from First Street along the West side of the subject property. TOPOGRAPHY The property sits slightly above grade level along Simi Town Center Way SITE PLAN SUBJECT FIRST ST SIMI TOWN CENTER WAY CORP ID 01125429
PROPERTY FLOOR PLAN RAMPS RECEIVING RR RR BREAK ROOM TELCOM ROOM COMPUTER ROOM TRAINING ROOM COUNT ROOM OFFICE VESTIBULE N NOTE: Drawing not to scale. All measurements and sizes are approximate. CORP ID 01125429
LOCATION AERIAL PORTER RANCH CALABASAS SIMI VALLEY RONA NALD REA EAGA GAN FWY (11 118 (113,0 3,000 VPD VPD) SI MI TOW OWN CENT NT ER WY FIRST ST (14 (14,000 VPD) 2017 DEMOGRAPHICS 1 MILE 2 MILES 3 MILES Population 6,130 38,154 70,279 Avg HH Income $107,634 $112,076 $117,227 Avg Age 34 37 38 LEE & ASSOCIATES LEE & ASSOCIATES - COMMERCE, INC. - LA NORTH - CALABASAS, INC. CORP ID 01191898 CORP ID 01125429
LOCATION MAP 118 118 118 118 118 CORP ID 01125429
REGIONAL MAP CORP ID 01125429
AREA OVERVIEW SIMI VALLEY Simi Valley is an incorporated city located in a valley of the same name in the southeast corner of Ventura County, California. Simi Valley borders the San Fernando Valley of Los Angeles, and is considered a part of the Greater Los Angeles Area. The City of Simi Valley is surrounded by the Santa Susana Mountain range and the Simi Hills, west of the San Fernando Valley and east of the Conejo Valley. It is largely a commuter bedroom community feeding the larger cities in Ventura County to the west and the Los Angeles area and the San Fernando Valley to the east. Simi Valley repeatedly wins awards as one of the Safest Cities in America. Simi Valley is home to popular tourist attractions such as the Ronald Reagan Presidential Library & Museum, as well as first class golf courses including Wood Ranch Golf Club and Lost Canyons Golf Club. Simi Valley is served by the Simi Valley Unified School District which consists of nineteen (19) elementary schools, three (3) middle schools, and four (4) high schools. Simi Valley is serviced by Highway 118 which runs through the city and connects with State Highways 23, and 10, as well as Interstate 5, 405, and 210. 2015 Population 128,171 2020 Population 132,900 2010 Population 124,256 % Growth 2010-2015 3.2% % Growth 2015-2020 3.7% 2015 Avg Age 39 Average Household Size 3 2015 Avg. Household Income $102,947 CORP ID 01125429
SIMI TOWN C ENTER WY WY 18 F 1 N ARTUKOVICH REAGA (1 ST ST FIR FOR MORE INFORMATION, PLEASE CONTACT ANITA M. D) 0 VP 0 0, (113 LD ONA R amartukovich@lee-associates.com Principal LIC NO 0085158 00 4,0 323.767.2103 ) VPD Lee & Associates - Commerce, Inc. CORP ID 01125429 500 Citadel Dr, Ste 140, Commerce, CA 90040 P: 323.720.8484 F: 323.720.8474 L E E -A S S O CI AT ES.CO M LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS. The information has been furnished from sources which we deem reliable, but for which we assume no liability. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Buyers should consult with their independent advisors to determine if the property is suitable for their needs.