472 S Mills Rd - Bank FOR SALE


Ventura, CA 93003
$5,950,000 USD
805-898-4371
472 S Mills Rd, Ventura, CA for Sale
$5,950,000 USD
Bank - FOR SALE
1/12
null | 5.19% Cap Rate

472 S Mills Rd
Ventura, CA 93003


OVERVIEW

Situated among the Pacific View Mall and the Lowe’s Shopping Center, this standalone retail building holds a commanding position at the intersection of Mills Road and Dean Drive, just a block from Main Street and Hwy 101 access. A complete remodel in 2025 provided a new roof, parking lot surface, new trash enclosure, as well as a beautiful interior buildout for current tenant CorePower Yoga, who occupies the entire property. This long-term corporate lease creates stability for a new owner. Two wood-floor studios are complemented by a men’s and women’s locker room with showers, and a reception/retail area plus private office and outdoor space. Price: $6,595,000 (4.69% cap rate) Building Size: 4,725 SF Lot Size: 31,799 SF (.73 acre) APN: 070-0-010-395 Tenant: 100% NNN-leased to CorePower Yoga NOI: $309,000/year Year Built: 1966; complete remodel in 2025, including new roof Zoning: C-1A Sprinklers: Yes Parking: 27 spots in newly resurfaced lot, plus overflow lot Restrooms: Two spacious locker rooms with showers HVAC: Yes, new To Show: Call Listing Agent

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/SF

$1,255 USD /SF

CAP RATE

5.19%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

C-1A

APN/PARCEL ID

079-0-010-395

ASK ABOUT THIS PROPERTY

Dan FerrickHayes Commercial Group, Inc.More Info
805-898-4371

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Dan FerrickHayes Commercial Group, Inc.More Info
805-898-4371

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