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100% Leased Shopping Center 14711 Princeton Ave Local commercial 2 676 m² 100 % Loué À vendre Moorpark, CA 93021 5 984 367 € (2 236,25 €/m²) Taux de capitalisation 7,71 %
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- Value-Add Strip Center Priced Below Replacement Costs
- 115 parking spaces; a parking ratio of 4.00 per 1,000 square feet
- Affluent Moorpark, California Location
- 100% occupancy with 14 NNN Tenants
- Seasoned tenant mix with an average length of occupancy of 6.90 years; over 61% of tenants have been at the center for more than five years
- Excellent Immediate Demographics
Résumé analytique
Matthew Luchs of Zacuto Group has been selected to exclusively market for sale Varsity Park Plaza, a 28,692 square foot multi-tenant strip center with a strong and stable current income stream ideally situated on 3.09 acres of land (134,600 SF) located at the signalized corner of Princeton Avenue and Campus Park Drive in the Ventura County submarket of Moorpark, CA.
The center is currently 100% occupied by a mix of 14 internet resistant service and retail tenants on NNN leases. Varsity Park Plaza is positioned amongst a sea of single-family homes, ideally catering to the local residents in the immediate area. The existing tenant base is the neighborhood’s primary commercial destination. The seasoned and stable tenant mix has an average length of tenancy of 6.90 years, with over 61% of the center occupied by tenants in place for more than five years. Current rents average $1.73 per SF, approximately 8% below pro-forma market rents of $1.88 per SF, with nearly 33% of the center either month-to-month or on leases expiring by 2028, creating a unique Moorpark value-add opportunity that currently generates a strong and stable income stream. Varsity Park Plaza benefits from excellent visibility and frontage along both Princeton Avenue and Campus Park Drive, with over 455’ and 255’ of linear frontage, respectively. The site offers 115 surface parking spaces, a parking ratio of 4.00 per 1,000 square feet. Daily traffic counts are nearly 86,000 vehicles per day at Princeton Avenue and the 118 State Highway, less than .2 miles south of the center with direct access along Princeton Avenue.
Varsity Park Plaza is being offered for sale below replacement costs, at a price per square foot of $225, representing an 8.24% cap rate on current income and an 8.98% cap rate on pro-forma income. Currently, two tenants totaling 2,990 square feet are operating on month-to-month leases. This allows a new owner the flexibility to immediately reposition a portion of the center to market rents.
The center is currently 100% occupied by a mix of 14 internet resistant service and retail tenants on NNN leases. Varsity Park Plaza is positioned amongst a sea of single-family homes, ideally catering to the local residents in the immediate area. The existing tenant base is the neighborhood’s primary commercial destination. The seasoned and stable tenant mix has an average length of tenancy of 6.90 years, with over 61% of the center occupied by tenants in place for more than five years. Current rents average $1.73 per SF, approximately 8% below pro-forma market rents of $1.88 per SF, with nearly 33% of the center either month-to-month or on leases expiring by 2028, creating a unique Moorpark value-add opportunity that currently generates a strong and stable income stream. Varsity Park Plaza benefits from excellent visibility and frontage along both Princeton Avenue and Campus Park Drive, with over 455’ and 255’ of linear frontage, respectively. The site offers 115 surface parking spaces, a parking ratio of 4.00 per 1,000 square feet. Daily traffic counts are nearly 86,000 vehicles per day at Princeton Avenue and the 118 State Highway, less than .2 miles south of the center with direct access along Princeton Avenue.
Varsity Park Plaza is being offered for sale below replacement costs, at a price per square foot of $225, representing an 8.24% cap rate on current income and an 8.98% cap rate on pro-forma income. Currently, two tenants totaling 2,990 square feet are operating on month-to-month leases. This allows a new owner the flexibility to immediately reposition a portion of the center to market rents.
Informations sur l’immeuble
Type de vente
Investissement
Type de bien
Local commercial
Sous-type de bien
Immeuble de commerce
Surface de l’immeuble
2 676 m²
Classe d’immeuble
C
Année de construction
1981
Prix
5 984 367 €
Prix par m²
2 236,25 €
Taux de capitalisation
7,71 %
RNE
461 395 €
Pourcentage loué
100 %
Occupation
Multi
Hauteur du bâtiment
1 étage
Coefficient d’occupation des sols de l’immeuble
0,21
Surface du lot
1,25 ha
Zonage
CPD, Moorpark
Stationnement
119 places (44,47 places par 1 000 m² loué)
Façade
90 m sur Princeton Ave
Caractéristiques
- Ligne d’autobus
- Signalisation
- Panneau monumental
Principaux occupants Cliquez ici pour accéder à
- Occupant
- Secteur d’activité
- m² Occupés
- Loyer/m²
- Type de bail
- Fin du bail
- Mailbox
- -
- -
- -
-
Lorem Ipsum
-
Jan 0000
- PhoEver
- Enseigne
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- The Cafe
- Enseigne
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Occupant | Secteur d’activité | m² Occupés | Loyer/m² | Type de bail | Fin du bail | |
| Mailbox | - | - | - | Lorem Ipsum | Jan 0000 | |
| PhoEver | Enseigne | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| The Cafe | Enseigne | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Plutôt praticable à pied
30/100
Exceptionnellement adapté aux voitures
100/100
Transports en commun limités
30/100
Assez praticable en vélo
30/100
Taxes foncières
| Numéro de parcelle | 514-0-051-265 | Évaluation des aménagements | 2 158 026 € |
| Évaluation du terrain | 1 268 890 € | Évaluation totale | 3 426 916 € |
Taxes foncières
Numéro de parcelle
514-0-051-265
Évaluation du terrain
1 268 890 €
Évaluation des aménagements
2 158 026 €
Évaluation totale
3 426 916 €
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Vidéos
Visite extérieure 3D Matterport
Visite 3D
Photos
Street view
Rue
Carte
1 sur 1
Présenté par
100% Leased Shopping Center | 14711 Princeton Ave
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