2380 Conejo Spectrum St - Office FOR SALE


Thousand Oaks, CA 91320- Outer Thousand Oaks
$20,500,000 USD
415-310-7331
2380 Conejo Spectrum St, Thousand Oaks, CA for Sale
$20,500,000 USD
Office - FOR SALE
1/14
null | Request Cap Rate

2380 Conejo Spectrum St
Thousand Oaks, CA 91320
Outer Thousand Oaks


HIGHLIGHTS

  • 100% of the Property Immediately Available For Owner/User.
  • The Property's high ceilings, strong floor load capacity, efficient floor plates, along with M-1 zoning allow for wide range of uses.
  • 6-Acre Site with Ample Parking.
  • Offered Below Replacement Cost.
  • Strong Location within Established Innovation Hub.
  • Turn-Key Improvements from 2019 Renovation.

OVERVIEW

Colliers is pleased to present the opportunity to acquire the fee-simple interest in 2380 Conejo Spectrum, a 97,193-square-foot, two-story Class A building on a six-acre site in Thousand Oaks’ Conejo Spectrum innovation cluster. Delivered 100% vacant, the Property represents a rare opportunity for an owner-user to acquire a recently renovated, turnkey headquarters facility at a basis well below replacement cost. Originally built in 2001 and comprehensively renovated in 2019, the building features 16’2” slab-to-slab ceiling heights, 100-pound floor live load capacity, large rectangular floor plates, M-1 zoning, and a 4/1,000 SF parking ratio—physical attributes that support a wide range of uses including office, R&D, life science, and flex. The Property is strategically positioned within one of Greater Los Angeles’ most established life science and corporate nodes, anchored by Amgen’s 2.9-million-square-foot global headquarters and its recently announced $600+ million Center for Science and Innovation expansion. Surrounding occupiers include Takeda, Sage Publishing, Atara Bio, Sensata Technologies, Charles River Labs, and FUJIFILM Diosynth Biotechnologies, creating one of the deepest concentrations of life science and R&D talent in Southern California. For an owner-user, the acquisition delivers compelling economics relative to leasing, while unlocking meaningful tax efficiency through bonus depreciation, long-term occupancy cost certainty, and full control over the asset. With no new office construction in the pipeline and continued removal of inventory through owner-user acquisitions and conversions, 2380 Conejo Spectrum is ideally suited for a corporate user seeking a long-term headquarters location.

FOR SALE DETAILS

PRICE

$20,500,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

396

LAND DETAILS

LAND ACRES

6 AC

LAND SF

261,360 SF

ZONING

M-1

APN/PARCEL ID

667-0-350-015

ASK ABOUT THIS PROPERTY

Sean FulpColliersMore Info
415-310-7331

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Sean FulpColliersMore Info
415-310-7331

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