2167-2175 Pickwick Dr - Storefront Retail/Office FOR SALE


Camarillo, CA 93010
$3,700,000 USD
714-658-3263
2167-2175 Pickwick Dr, Camarillo, CA for Sale
$3,700,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 6.3% Cap Rate

2167-2175 Pickwick Dr
Camarillo, CA 93010


HIGHLIGHTS

  • Long Term Community Establish Retail Center
  • Ease of Access and Parking
  • Strategically located across from Post Office

OVERVIEW

2167 Pickwick Drive is a neighborhood retail investment opportunity consisting of approximately 10,000 rentable square feet in Camarillo, California. The Property generates current income from four retail suites occupied by established neighborhood-serving businesses. The tenant roster is anchored by Outlaws Grill & Saloon, a well-established Camarillo neighborhood grill and bar that has served the local community for decades and occupies approximately 30% of the building under a lease extending through September 2032. The remaining tenants include a pharmacy, personal care service provider, and home furnishings retailer, creating diversified income from complementary neighborhood-serving businesses. One suite is anticipated to become available upon lease expiration, providing new ownership with an opportunity to secure a replacement tenant at market rental rates, subject to market conditions. Strategically located within an established neighborhood retail corridor, the Property benefits from convenient access, strong visibility, and a surrounding customer base supported by established residential neighborhoods, neighborhood-serving businesses, and complementary commercial uses. Convenient access to U.S. Highway 101 provides regional connectivity throughout Ventura County and Southern California. The Property generates approximately $233,328 in annual Net Operating Income and is offered at a 6.3% capitalization rate based on the current asking price. Income is derived from four retail suites operating under a predominantly Triple Net (NNN) lease structure. Current in-place income is complemented by a near-term leasing opportunity as one suite is expected to become available upon lease expiration, allowing new ownership the opportunity to pursue a new tenant at market rental rates while maintaining income from the remaining occupied suites.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$370 USD /SF

CAP RATE

6.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,052 SF

ZONING

CCM

APN/PARCEL ID

165-0-140-045

ASK ABOUT THIS PROPERTY

Randy CombsKW CommercialMore Info
714-658-3263

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Randy CombsKW CommercialMore Info
714-658-3263

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.