University Shopping Center - LoopNet...Oaks, and Belmont Village Senior Living. x Nearby schools...
Transcript of University Shopping Center - LoopNet...Oaks, and Belmont Village Senior Living. x Nearby schools...
University Shopping Center
Offering for Sale
409-427 E. Avenida de los Arboles | Thousand Oaks, CA 91360
EXCLUSIVE AGENT:
PAUL FORBAT
(805) 328-6348
CAL BRE # 01097663
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.
Investment Summary
NOTICE: The Offering for Sale is subject to an exclusive listing agreement with PCI Commercial Realty Group, CAL BRE 01888984. Copyright 2017. All rights reserved.
Unleashed by
P e t c o
T-Mobile
2016 Scheduled Base Rent $322,450
Management Allowance (4%) ($12,898)
Vacancy Allowance (5%) ($16,123)
2017 NOI (est.) $293,430
Offering Price $5,150,000
Cap Rate 5.7%
Building GLA 8,000
Shopping Center GLA 76,732
Year Built 1974
Zoning C1 (commercial)
Parcel No. 521-0-070-380
Municipality Thousand Oaks
County Ventura
Population 1 Mile 3 Mile 5 Mile
2017 Total Population: 16,132 68,069 148,243
2022 Projected Population: 16,490 69,689 151,890
Median Household Income: $106,074 $106,029 $104,250
INCOME & VALUE
DEMOGRAPHICS
SITE DATA
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.
2. Management allowance pertains only to operation of the
multi-tenant buildings for sale. Maintenance and man-
agement 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, 2017. 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. Prospec-
tive 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.
Trader Joe’s
Rite Aid
• Unleased by Petco
• T-Mobile
SUBJECT PROPERTY:
• Fresh Donuts
• TK Nail Salon
• Arboles Animal Clinic
• PJ’s Pub
• Subway
• Allegro Pizza
• Three Amigos
Mexican Restaurant
• Mail Center
• Prism Dental Group
• Brucar Lock & Safe
• Imperial Garden
Chinese Restaurant
• Barber Shop
• Laria Insurance
• Southwest
Liquor Store
• Diamond Cleaners
• Launderland
• Sonus Hearing
• Fibber McGee
Thrift Shop
Site Plan
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.
Site plan is approximate only; all
information is subject to verification.
SUBJECT
Parcel Map
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 .
U n -
leashed by Petco T-Mobile S
UB
JEC
T
University Shopping Center
SUBJECT
Mo
orp
ark
Rd
.
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.
Major Tenants
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 .
Unleashed by Petco T-Mobile
Moorpark
Oxnard
Santa Paula
Camarillo
Simi Valley
Newbury
Park
Ventura
Thousand
Oaks Westlake
Village
Agoura
Hills
Calabasas
Los
Angeles
Fillmore
Regional Map
Ventura County
Southern California
Property Location & Community
NOTICE: The Offering for Sale is subject to an exclusive listing agreement with PCI Commercial Realty Group, CAL BRE 01888984. Copyright 2017. All rights reserved.
Unleashed by Petco T-Mobile
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 opportuni-
ties, 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.