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.