2503-2507 Royal Ave - Freestanding FOR SALE


Simi Valley, CA 93065
$3,375,000 USD
805-218-8944
2503-2507 Royal Ave, Simi Valley, CA for Sale
$3,375,000 USD
Freestanding - FOR SALE
1/10
null | 4.96% Cap Rate

2503-2507 Royal Ave
Simi Valley, CA 93065


HIGHLIGHTS

  • Attractive Value-Add Opportunity
  • Asking Price / SF is $255.00
  • Business Intersection

OVERVIEW

Royal Plaza is a 13,230 SF neighborhood retail center located on Royal Avenue in Simi Valley, California. Built in 1973 on a 44,738 SF lot zoned CPD, the property offers an attractive value-add opportunity with significant upside through lease-up of three vacant units. The center is anchored by a long-term liquor store tenant with a lease through 2038 and features a diverse mix of service-oriented tenants.

FOR SALE DETAILS

PRICE

$3,375,000 USD

PRICE/SF

$261 USD /SF

CAP RATE

4.96%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1973

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

CPD

APN/PARCEL ID

638-0-113-265,638-0-113-285

ASK ABOUT THIS PROPERTY

Larry NeaseTerra Homes and InvesmentsMore Info
805-218-8944

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Larry NeaseTerra Homes and InvesmentsMore Info
805-218-8944

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