1501 Auto Center Dr - Auto Dealership FOR SALE


Oxnard, CA 93036- Outer Oxnard
$22,900,000 USD
1501 Auto Center Dr, Oxnard, CA for Sale
$22,900,000 USD
Auto Dealership - FOR SALE
1/9
null | 7.77% Cap Rate

1501 Auto Center Dr
Oxnard, CA 93036
Outer Oxnard


OVERVIEW

100% Occupied NNN Investment with Future Owner-User or Redevelopment Potential This 70,999 SF automotive dealership sits on approximately 8 acres and is currently 100% occupied by Ford under a triple-net (NNN) lease. Lease Information: Approximately 3 years remaining on the current Ford lease. Current rental income: $165,000 per month NNN. No renewal options or lease extensions remain. Ford has indicated its intent to vacate upon expiration of the current lease, presenting a rare opportunity for an owner-user, investor, or redevelopment project. The building was extensively renovated in 2000 and has an estimated remaining economic life of approximately 35 years. Building Breakdown: Office: 11,675 SF Showroom & Parts: 11,378 SF Parts Storage: 5,246 SF Service Shop: 31,727 SF Sales Canopy: 6,817 SF Service Canopy: 4,146 SF Rooftop Parking: 64,580 SF Building Features: Concrete block construction on a concrete slab with compacted fill. Wood post-and-beam framing with concrete block exterior walls. Flat roof with rooftop parking. Forced-air heating. Central HVAC. Fluorescent lighting in the showroom. LED lighting throughout the service area. Fire sprinkler system and smoke alarms. Elevator access. Low-maintenance irrigation system for landscaped areas. Zoning Commercial Regional / Auto Sales & Service (CR – Rose-Santa Clara Specific Plan) This property offers investors stable in-place income today while providing significant flexibility at lease expiration for owner occupancy, re-tenanting, or redevelopment.

FOR SALE DETAILS

PRICE

$22,900,000 USD

PRICE/SF

$323 USD /SF

CAP RATE

7.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Vista Ford Of Oxnard

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

850

LAND DETAILS

LAND ACRES

8 AC

LAND SF

348,693 SF

ZONING

C2

APN/PARCEL ID

144-0-131-075,144-0-131-105,144-0-131-115

ASK ABOUT THIS PROPERTY

Jeanne St. GermaineGarwaine Realty, Inc.More Info

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Jeanne St. GermaineGarwaine Realty, Inc.More Info

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