800-888 New Los Angeles Ave - Department Store FOR SALE


Moorpark, CA 93021
$75,000,000 USD
310-996-2217
800-888 New Los Angeles Ave, Moorpark, CA for Sale
$75,000,000 USD
Department Store - FOR SALE
1/33
null | Request Cap Rate

NEW


800-888 New Los Angeles Ave
Moorpark, CA 93021


HIGHLIGHTS

  • Dominant Regional Shopping Destination strategically located in one of Southern California’s most affluent communities
  • Excellent Tenant Mix including Smart & Final Extra, TJ Maxx, Panda Express, Denny’s, Jamba Juice, & Jimmy Johns
  • Financial Upside Potential with Kohl’s and Junior Box tenants (see Rent Roll)
  • ±900 feet of Fwy Frontage, strategically located off the Ronald Reagan Freeway
  • Strong Operating History with stable historical occupancy
  • Exceptionally Maintained asset with beautiful architecture & no near term capital requirements

OVERVIEW

Anchored by retail-giant Target (NAP), Moorpark Marketplace is a 18.80 acre site featuring ±207,300 SF of retail space with top-brand tenants, including Denny’s, Famous Footwear, In-N-Out (NAP), Jamba Juice, Jimmy John’s, Kohl’s, Michaels, Panda Express, Smart & Final Extra, Sport Clips, T-Mobile and TJ Maxx. These retailers were drawn to this location due to the city’s superior demographics, where the average income surpasses $140,000. Accordingly, the shopping center boasts strong stability and operating history. The modest average rents offer an attractive price point now and favorable future rent-upside. Moorpark Marketplace opened in 2004 to cater to the residents of Moorpark and nearby communities like Simi Valley, Thousand Oaks and Westlake Village. The shopping center is beautifully designed to catch the eye of its abundant affluent residents. Situated at the southwest corner of New Los Angeles Avenue and the 23 Freeway, Moorpark Marketplace has a distinctive prominence and super-convenient access in this highly-trafficked area. Simply put, there’s not another retail site similar to Moorpark Marketplace, making this a unique opportunity to take advantage and invest in this wealthy market.

FOR SALE DETAILS

PRICE

$75,000,000 USD

PRICE/SF

$362 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Moorpark Marketplace

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

18.8 AC

LAND SF

818,928 SF

ZONING

SP 92-1

APN/PARCEL ID

512-0-410-045,512-0-410-055,512-0-410-075,512-0-410-095,512-0-410-125,512-0-410-155

ASK ABOUT THIS PROPERTY

Tanel HarunzadeKidder MathewsMore Info
310-996-2217

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Tanel HarunzadeKidder MathewsMore Info
310-996-2217

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