925 Broadbeck DrThousand Oaks, CA 91320

Property Details for 925 Broadbeck Dr

Year built

2006

Lot size

1.51 AC

Property size (Sq ft)

14,667 SF

Property type

Office properties

Property subtype

Office buildings

APN

667-0-290-315

APU

6670290315

Description

This exceptional 15,290 square foot Class B medical office building, constructed in 2005, is located at 925 Broadbeck Drive in Thousand Oaks, CA 91320. The property features a two-story design with ample parking (150 spaces) and offers multiple tenancy options. Individual suites range from a minimum of 100 square feet to a maximum contiguous space of 1,227 square feet, with 1,727 square feet currently vacant. The building is situated in a highly visible, well-established shopping center anchored by Wells Fargo and surrounded by a variety of national retailers including Chipotle, Starbucks, Jamba Juice, The Habit Burger Grill, FedEx, Subway, Farmer Brothers Coffee, Verizon, Home Depot, Lowe's, Target, and Party City. This location benefits from excellent visibility and accessibility, situated at the intersection of Broadbeck and Wendy Drives, just off the 101 Freeway. Thousand Oaks consistently ranks as a highly desirable city for living, working, and recreation, boasting a strong business community and the presence of California Lutheran University. This property presents a unique opportunity for medical professionals seeking a prominent location within a thriving commercial environment. The property is zoned for medical office and storefront retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $4,454,454

  6.5%

  $4,111,804

  7%

  $3,818,103

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,789,077

  Geo Method

  $2,789,077

• Alternative Use

  Use

  Valuation

  Residential

  $5,098,636

  Hospitality

  $4,670,324

  Educational

  $3,885,654

  Medical

  $4,019,288

  Retail

  $6,044,351

Location Insight

City

Thousand Oaks

County

Ventura

State

California

Latitude

34.1913

Longitude

-118.937

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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