Victoria Office Plaza 1280 S Victoria Ave
31,050 SF 100% Leased Office Building Ventura, CA 93003 $6,500,000 ($209/SF) 6.49% Cap Rate
INVESTMENT HIGHLIGHTS
- Victoria business corridor between the 126 and 101 Freeways.
- Separate electrical meters.
- Covered parking, 130 spaces, parking ratio 3/5/1,000 SF.
- Walking distance to amenities and county government center.
- Permitted for individual condo conversions in-place.
- Fully functional windows throughout.
EXECUTIVE SUMMARY
Fully leased multi-tenant office building.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
31,050 SF
Building Class
B
Year Built
1982
Price
$6,500,000
Price Per SF
$209
Cap Rate
6.49%
NOI
$421,613
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,525 SF
Building FAR
0.60
Lot Size
1.18 AC
Zoning
RPD7U, Ventura - Planned Development
Parking
70 Spaces (2.25 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 of 2
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 136-0-010-500 | Improvements Assessment | $2,626,893 |
| Land Assessment | $1,929,965 | Total Assessment | $4,556,858 |
