HIGH-IMAGE TURNKEY OWNER-USER OPPORTUNITY
* Over ±30,000 SF of turnkey space is available for an owner-user. The space offers a viewing room, high-tech warehouse with sprawling windows providing great natural light, and well appointed elevator-served office space.
* This investment can provide an attractive lease-saving trade-off. As opposed to leasing space, a purchase offers protection against future rental market uncertainty and rate hikes. It further offers occupancy control, certain tax benefits and after-tax equity accumulation. The in-place income additionally enhances occupancy costs mitigation.
BEST-IN-CLASS CONEJO SPECTRUM ASSET
* Highly-improved multi-tenant flex building located in Thousand Oaks’ top business campus environment.
* The in-place NNN lease requires minimal management from new ownership. Any operational risk is fully assumed by an experienced tenancy.
* New ownership enjoys an a net income totaling ±$907K in the first year of ownership. A four-percent annual increase in rent provides an attractive hedge against future inflationary pressures.
EXCELLENT SUBURBAN MARKET LOCATION
* Thousand Oaks is ranked as one of the 100 highest-income counties in the country – Average household incomes of $125,399. The median home price within five miles is $900,600 (United States Census Bureau).
* Strong Regional Hospital – Los Robles Regional Medical Center is the largest hospital in eastern Ventura County. The hospital is owned by HCA - Hospital Corporation of America and the campus has an average vacancy rate of 3%.
* Less than 1 mile from the Moorpark exit off the 101 Freeway and ¼ mile from the 101 and 23 freeway interchange, providing convenient access to the communities of the Conejo Valley.