4917 Rose AveOxnard, CA 93033

Property Details for 4917 Rose Ave

Year built

1973

Lot size

5.27 AC

Property size (Sq ft)

53,321 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents the College Park Shops, a 53,321-square-foot grocery-anchored shopping center located in Oxnard, California. The property boasts a strong tenant roster of 14 businesses, including key anchors Dollar Tree and Island Pacific Seafood Market, resulting in a 94% occupancy rate. Situated on a 5.27-acre lot (229,400 square feet) with ample parking (293 spaces, a 5.47:1000 sq ft ratio), the center enjoys a prime location at the signalized intersection of Rose Avenue and East Pleasant Valley Road, experiencing over 40,000 vehicles daily. Built in 1973, this fee-simple property offers significant value-add potential through renovations and lease-up opportunities. The current Net Operating Income (NOI) stands at $1,014,747, yielding a 5.64% cap rate at an asking price of $17,995,000 ($337.48 per square foot). The center benefits from its proximity to Oxnard City College, Port Hueneme, and a major transportation hub, serving a thriving community. Island Pacific, a regional Filipino market, serves a significant portion of the local Asian population, contributing to the center's consistent performance and resilience. Other tenants include a diverse mix of businesses such as College Donuts, Four Guys Liquors, a meat market, a hair salon, and a laundromat. The property's location and strong tenant base make it an attractive investment for those seeking a stable, high-performing retail asset with upside potential. The APN is 224-0-020-285. The lease type is NNN (Triple Net).

Location Insight

City

Oxnard

County

Ventura

State

California

Latitude

34.1559

Longitude

-119.161

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