Larry Margo - Commercial Real Estate Showcase

Larry Margo Property Listings
Berkshire Hathaway HomesServices California
13300 Ventura Blvd
Sherman Oaks, CA 91423-3913

1555 W 5th Street - Professional Arts Center II

Oxnard, CA 93030-6504 - Oxnard/Port Hueneme Submarket

Property Type:Office Sub Type:- Status:Existing Year Built:1990
Stories:2 Typical Floor:10,357 SF Building Size:20,714 SF
% Leased:
For Sale Price:$4,300,000 Price/SF:$207.59
Cap Rate:7.30 %
Smallest Space:1,200 SF Largest Space:1,200 SF Total Space Avail:1,200 SF Rent/SF/Yr:
Parking:Free Surface spaces; Ratio of 4/1,000 SF Amenities:Balcony, Signage

Sale Notes:
Wonderful office building in up and coming downtown Oxnard. 2 blocks from Historic District, less than 5 minutes from the Harbor. 2 huge Anchors across the street, CVS and VONS. State of California has been in the building over 20 years with a renewed 2 year lease and occupying just under 50% of the building. Remainder of tenants strong small business presence in community including urgent care. 2 story Office/Retail building with elevator and 60+ parking spaces. Professionally managed and well maintained. About 10% Vacant at the moment, perfect for owner user. Strong Income with 7.3 asking CAP RATE.

Currently the State of California is in negotiation with building for new eight year lease.

Berkshire Hathaway HomesServices California
Larry Margo
(818) 506-1278

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