525 New Los Angeles AveMoorpark, CA 93021

Property Details for 525 New Los Angeles Ave

Year built

2005

Lot size

2.24 AC

Property size (Sq ft)

21,686 SF

Property type

Retail properties

Property subtype

Strip malls

APN

512-0-180-110

APU

5120180110

Description

This exceptional retail investment opportunity presents 21,686 square feet of leasable space within the La Spring Shopping Center, situated on a 2.25-acre lot at 525-549 New Los Angeles Avenue in Moorpark, CA 93021. Built in 1995, the center offers multiple tenancies, with 1,604 square feet currently vacant and available for lease. Individual spaces range from 900 to 1,604 contiguous square feet, providing flexibility for various retail businesses. The property boasts ample parking, with a ratio of approximately 4 spaces per 1,000 square feet. Its convenient location in Moorpark, California offers excellent visibility and accessibility for customers. This is an ideal opportunity for investors seeking a well-established retail center with immediate income potential and the possibility of further development. The property's size and layout provide a strong foundation for long-term growth and profitability in a thriving market. The existing infrastructure and ample parking ensure a positive shopping experience for tenants and customers alike. This property presents a compelling investment opportunity in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $9,650,798

  6.5%

  $8,908,428

  7%

  $8,272,112

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,392,001

  Geo Method

  $10,392,001

• Alternative Use

  Use

  Valuation

  Residential

  $7,514,592

  Hospitality

  $6,883,326

  Educational

  $5,726,847

  Medical

  $5,923,802

  Retail

  $8,908,428

Location Insight

City

Moorpark

County

Ventura

State

California

Latitude

34.2797

Longitude

-118.874

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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