1940 Newbury RdThousand Oaks, CA 91320

Property Details for 1940 Newbury Rd

Year built

2005

Lot size

1.07 AC

Property size (Sq ft)

7,688 SF

Property type

Super regional malls

APN

660-0-050-220

APU

6600050220

Description

This exceptional retail opportunity presents multiple spaces for lease within a thriving community shopping center in Newbury Park, Ventura County. The property, situated on the hard corner of Newbury Park Road and Kelley Road, boasts ±26,800 square feet of total building space and offers three available retail pads ranging from approximately 1,096 to 1,416 square feet. These spaces are ideally suited for quick-serve food users or can be easily adapted for retail or full-service restaurant use. The center enjoys a highly desirable location, benefiting from excellent freeway visibility and ample parking in a large onsite lot. Key anchor tenants include Kohl's, Starbucks, and Sharkey's Fresh Mexican Grill, attracting significant foot traffic. The newer construction features excellent curb appeal. This prime location is strategically positioned to capitalize on the substantial daytime population of the surrounding neighborhood and the proximity to the Amgen Bio-Medical facility. Amgen's large campus across the 101 freeway employs approximately 5,000 workers, representing 8.5% of the city's total employment. The area is exceptionally affluent, with an average annual household income exceeding $140,000 within a two-mile radius, and is surrounded by numerous A+ national retailers. This presents a unique opportunity to establish a business in a high-traffic, high-income area with strong existing tenant synergy.

• CAP approach

  CAP return

  Valuation

  6%

  $3,438,837

  6.5%

  $3,174,311

  7%

  $2,947,574

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,684,114

  Geo Method

  $3,684,114

• Alternative Use

  Use

  Valuation

  Residential

  $2,677,650

  Hospitality

  $2,452,713

  Educational

  $2,040,628

  Medical

  $2,110,809

  Retail

  $3,174,311

Location Insight

City

Thousand Oaks

County

Ventura

State

California

Latitude

34.1834

Longitude

-118.922

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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