Mike Wax, SIOR, and Jonathan Wolk of IPA Commercial are pleased to present this opportunity to purchase 707-709 E Hueneme Road in Oxnard, California, a modern industrial facility located in West Ventura County.
Originally built in 2005, the 12,577-square-foot, two-tenant property comprises all ground-floor industrial space and features a fenced parking area. The building is equipped with 600-amp, 277/480-volt power service and is conveniently situated on a corner lot on just over 1 acre of land with two access points. The space includes an attractive warehouse with an 18-foot minimum clear height and a grade-level drive-in door, as well as several private and shared office spaces. The contemporary architectural design and concrete tilt-up construction make for a solid long-term investment. The two-tenant layout gives ample flexibility for businesses to grow and create passive income possibilities in the near and long term. The fenced parking area is a unique feature that is highly desirable.
This is a rare opportunity to acquire a two-tenant property that can be fully or partially occupied and can be purchased below replacement value for similar industrial properties in Southern California. The property includes 5,562-square-foot and 7,015-square-foot units, both currently occupied, with both leases expiring within six months.
707-709 E Hueneme Road is located in beautiful West Ventura County, which has limited developable land and a desirable coastal climate. It is also conveniently located less than 1 mile from the Pacific Ocean, 2 miles from the Port of Hueneme, and 10 minutes from the 101 Freeway corridor. The Oxnard industrial location also includes numerous corporate neighbors, retail amenities, and executive housing.
Benefit from the upside of long-term industrial real estate appreciation. This is a rare chance to purchase a smaller two-tenant industrial building in the greater Ventura County area.