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0 Miller PkwyMoorpark, CA 93021

11 Acres, Prime Moorpark Location, High Traffic

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 11.22-acre (net rentable) commercial and industrial land parcel in Moorpark, CA (93021), presents a unique investment opportunity. Currently ground-leased to Home Depot U.S.A., Inc. for 17 years with three 10-year renewal options and 10% rent increases every five years, this lease provides substantial, guaranteed income. The lease is guaranteed by Home Depot U.S.A., Inc., a wholly-owned subsidiary of The Home Depot, Inc. The property boasts unparalleled visibility, situated on Miller Parkway with excellent exposure to Highways 23 and 118, experiencing daily traffic counts exceeding 40,000 vehicles. Its strategic location adjacent to Moorpark Marketplace, a significant power center anchored by major retailers like Target, Kohl's, and others, ensures high foot traffic and strong consumer demographics. The area is characterized by high average household incomes exceeding $122,000 and is home to Custom Sensors & Technologies, a major employer with over 1,200 employees. Moorpark itself is a rapidly growing and desirable community within the greater Los Angeles area, exhibiting significant population growth over the past decade and projected continued expansion. The property's proximity to Downtown Los Angeles (approximately 40 minutes) provides easy access to the broader Los Angeles market. This is a rare opportunity to acquire a stable, income-generating asset in a thriving location with significant long-term growth potential. The zoning is Commercial & Light Industrial, allowing for a variety of future development possibilities, should the lease be terminated.

Highlights

  • 11.22-acre commercial/industrial land parcel in Moorpark, CA (93021), ground-leased to Home Depot with a long-term lease and rent escalations.
  • Excellent freeway visibility on Miller Parkway, with daily traffic counts exceeding 40,000 vehicles.
  • Zoned Commercial & Light Industrial, offering future development potential.
  • Walking distance to retail amenities and adjacent to a major power center with national retailers.
  • High average household income exceeding $122,000 and situated near a large employer.
  • Adjacent to a master-planned business park with office, medical, and industrial uses.

Property Details for 0 Miller Pkwy

Property type
Land, Industrial properties
RSF (Rentable sq. ft)
1 SF

Unit(s) available at that property

Space
Available Suite (11.22 Acres)
Size
1 SF

Location Insight

City
Moorpark
County
Ventura
State
California
Latitude
34.278428976204
Longitude
-118.86285849814
Miller Pkwy, Moorpark, California

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Contacts

Bruce Hamous
Bruce Hamous
Ken Stephens
Ken Stephens
Visit Broker Website

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Miller Pkwy, Moorpark, California, 93021

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

0 Miller Pkwy
  • Bruce Hamous
    Bruce Hamous
  • Ken Stephens
    Ken Stephens
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