5001 Verdugo Way - Movie Theatre FOR SALE


Camarillo, CA 93012
$12,000,000 USD
310-853-1266
5001 Verdugo Way, Camarillo, CA for Sale
$12,000,000 USD
Movie Theatre - FOR SALE
1/5
null | 6.53% Cap Rate

5001 Verdugo Way
Camarillo, CA 93012


HIGHLIGHTS

  • Situated at 5001 Verdugo Way in Camarillo, CA, This Roxy Stadium 11 Theatre Enjoys a Strategic Location in Ventura County, a Highly Desirable Market
  • The 40,598 Square-Foot Building Underwent a $1.8 Million Renovation in 2015, Transforming it Into a Luxury Theatre Format
  • The Lease Includes 5 Years of Term Remaining With Three 5-Year Renewal Options, Demonstrating the Tenant's Commitment to the Location
  • 8% Rent Increases Every 5-Years Provide Steady NOI Growth, Offering a Hedge Against Inflation
  • The Lease Also Features a 12% Percentage Rent Based on Box Office Sales, Creating Upside Potential Tied to the Theatre's Performance
  • The Roxy Stadium 11 Opened in 2004 and Has Been a Staple in the Camarillo Community For Over 20 Years

OVERVIEW

Sands Investment Group, in Partnership With Radius Group, is Pleased to Exclusively Offer For Sale the 40,598 SF Roxy Cinema Located at 5001 Verdugo Way in Camarillo, CA. The Lease Includes 5 Years of Term Remaining With Three 5-Year Renewal Options, Demonstrating the Tenant's Commitment to the Location. The Lease Features a 12% Percentage Rent Based on Box Office Sales, Creating Upside Potential Tied to the Theatre's Performance, Providing For a Secured Investment. In Cooperation With Sands Investment Group, inc-Lic. #1769950

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$296 USD /SF

CAP RATE

6.53%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Roxy Cinema - Camarillo, CA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Movie Theatre

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

200

LAND DETAILS

CROSS STREETS

Camino Ruiz

LAND ACRES

3.28 AC

LAND SF

142,877 SF

ZONING

CPD, Camarillo

APN/PARCEL ID

160-0-201-095,160-0-201-165

ASK ABOUT THIS PROPERTY

Adam ScherrSands Investment Group Santa Monica, LLCMore Info
310-853-1266

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

Adam ScherrSands Investment Group Santa Monica, LLCMore Info
310-853-1266

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