711 E Daily Dr - Loft/Creative Space FOR SALE


Camarillo, CA 93010
$8,200,000 USD
818-804-1227
711 E Daily Dr, Camarillo, CA for Sale
$8,200,000 USD
Loft/Creative Space - FOR SALE
1/7
null | Request Cap Rate

711 E Daily Dr
Camarillo, CA 93010


HIGHLIGHTS

  • Opportunity to execute a lease-up strategy, reposition the tenant mix, and capture rental upside in a supply-constrained submarket
  • Significant contiguous vacancy allows a buyer to occupy a portion or the majority of the building
  • Property Load Factor is only 7.10%, saving tenants about $0.16/SF per month compared to other properties
  • Efficient layouts support a wide range of configurations, from single-tenant occupancy to multi-tenant leasing
  • Situated within Camarillo Business Center, a professionally maintained campus environment with strong parking and nearby amenities
  • Well-maintained asset with a roof replacement currently underway, reducing near-term capital risk Prominent Freeway Exposure

OVERVIEW

711 E. Daily Drive offers a compelling opportunity to acquire a well-maintained, institutional-quality office building totaling approximately ±41,250 square feet within the highly regarded Camarillo Business Center. The Property benefits from a strategic location with immediate access to the Ventura (101) Freeway, providing excellent visibility, strong corporate identity potential, and convenient connectivity throughout Ventura County and the greater Los Angeles region. The recent vacancy of former anchor tenancy has created a rare opportunity to control a largely vacant asset with significant contiguous space—an increasingly scarce offering in the market. The building’s efficient design, existing improvements, and flexible layout present an ideal solution for an owner-user seeking immediate occupancy, while also providing optionality for partial lease-up to generate supplemental income. The Property has been professionally maintained, and the Ownership is currently in the process of replacing the roof, further enhancing the physical condition of the asset and materially reducing near-term capital expenditure requirements. With its combination of scale, visibility, physical quality, and leasing flexibility, 711 E. Daily Drive is well-positioned for a range of strategies, including owner occupancy, lease-up, or long-term repositioning within one of Ventura County’s most established office environments.

FOR SALE DETAILS

PRICE

$8,200,000 USD

PRICE/SF

$199 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Camarillo Business Center II

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

0.58 AC

LAND SF

25,265 SF

ZONING

Professional Office

APN/PARCEL ID

164-0-240-075

ASK ABOUT THIS PROPERTY

Gary CohenMarcus & MillichapMore Info
818-804-1227

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Gary CohenMarcus & MillichapMore Info
818-804-1227

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