Alpine Plaza FOR SALE


Simi Valley, CA
$7,185,895 USD
818-823-0832
, Simi Valley, CA for Sale
$7,185,895 USD
FOR SALE
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Alpine Plaza
Simi Valley, CA


HIGHLIGHTS

  • Prime Simi Valley Retail Corridor – Positioned on Tapo Street with strong visibility, steady traffic counts, and convenient access to the 118 Freeway.
  • Value-Add Leasing Opportunity – Potential to increase income through renewals at market rates, rent growth, and future leasing initiatives.
  • Affluent and Established Demographics – Strong household incomes, stable population trends, and favorable demographics support long-term demand.
  • Internet-Resistant Tenant Base – U.S. Bank and service-oriented tenants rely on in-person visits, limiting exposure to e-commerce competition.
  • Stable Income with Future Upside – Combines in-place cash flow with future appreciation potential for income-oriented investors.
  • Supply-Constrained Retail Market – Limited new retail development in Simi Valley supports occupancy levels and long-term rental growth.

OVERVIEW

The Ovaness & Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire 2068 Tapo Street, a multi tenant retail investment located along one of Simi Valley's most established commercial corridors. Situated on Tapo Street with convenient access to the 118 Freeway, the property benefits from strong visibility, excellent accessibility, and a strategic location within a well established retail trade area. The asset is occupied by a diverse mix of retail and service oriented tenants that provide stable in place income and serve the daily needs of the surrounding community. Supported by a dense residential population and strong demographic fundamentals, the center has established itself as a neighborhood retail destination within the market. In addition to its existing income stream, the property offers investors the opportunity to enhance long term returns through future lease renewals, rental rate growth, and active leasing strategies. Combined with its position within a mature and supply constrained retail market, the asset is well positioned to benefit from continued tenant demand and long term appreciation. 2068 Tapo Street represents an opportunity to acquire a well located retail asset with a diversified tenant base, stable cash flow characteristics, and meaningful upside potential in one of Ventura County's most desirable and established submarkets.

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

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