143 W 5th St
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143 W 5th St
9,515 SF Vacant Retail Building Oxnard, CA 93030 $2,595,000 ($273/SF)
Virtual Tour
Investment Highlights
- 143 W 5th Street is an investment or owner/user opportunity to purchase a historic one-of-a-kind retail and office building below replacement costs.
- Designed in the Beaux Arts style, showcasing the classical architecture of stone walls, tiled red-clay roofing, and colorful patterned ceilings.
- Former bank property featuring multiple executive offices, two conference rooms, three bank vaults, and breakrooms/kitchens.
- Downtown Core Oxnard (DT-C) zoning allows for several uses, including restaurants, retail, offices, health and exercise centers, and spas.
- Ideally positioned on a prominent corner in the heart of downtown, passed by over 49,000 vehicles per day and abundant free nearby parking.
- Walkable to nearby conveniences, including the scenic Plaza Park and the Centennial Plaza, home to Starbucks, Cold Stone Creamery, and Plaza Cinemas.
Executive Summary
143 W 5th Street is a classical Beaux Arts office and retail building in Oxford, California. This historic bank building was meticulously restored in 2013 and converted into a beautiful modern office building. Featuring high ceilings, a large downstairs open work area, six private offices, two conference rooms, and a breakroom and kitchen area, this complex is move-in ready for the next tenant. The building still has three large bank vaults.
Located in Oxnard's Downtown core, this landmark building is within walking distance of numerous retail amenities and restaurants at Centennial Plaza and beyond. Ideally positioned at the corner of S Oxnard Boulevard, traveled by 33,500 vehicles per day, and W 5th Street, frequented by 14,500 cars daily, this boutique property is highly visible. A wide array of free parking options is blocks away, adding to the convenience of the surrounding area. Public transportation to neighboring communities, Los Angeles, San Francisco, and beyond, is accessed via the Oxford Transit Station, which is a five-minute walk away. For those traveling by car, 143 W 5th Street has easy access to the 101 freeway and the Pacific Coast Highway.
Oxnard, California, is a seaside location, home to sprawling beaches and the only deep-water port between Los Angeles and San Francisco at Port Hueneme. Located only 60 miles northwest of Los Angeles International Airport (LAX) and close to Santa Barbara and other significant destinations, Oxnard is one of California's best-kept secrets. There are 256,448 residents within a 5-mile radius of the property, correlating to a median household income of $83,372.
Located in Oxnard's Downtown core, this landmark building is within walking distance of numerous retail amenities and restaurants at Centennial Plaza and beyond. Ideally positioned at the corner of S Oxnard Boulevard, traveled by 33,500 vehicles per day, and W 5th Street, frequented by 14,500 cars daily, this boutique property is highly visible. A wide array of free parking options is blocks away, adding to the convenience of the surrounding area. Public transportation to neighboring communities, Los Angeles, San Francisco, and beyond, is accessed via the Oxford Transit Station, which is a five-minute walk away. For those traveling by car, 143 W 5th Street has easy access to the 101 freeway and the Pacific Coast Highway.
Oxnard, California, is a seaside location, home to sprawling beaches and the only deep-water port between Los Angeles and San Francisco at Port Hueneme. Located only 60 miles northwest of Los Angeles International Airport (LAX) and close to Santa Barbara and other significant destinations, Oxnard is one of California's best-kept secrets. There are 256,448 residents within a 5-mile radius of the property, correlating to a median household income of $83,372.
Offering Memorandum
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$162,500
|
$17.08
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $162,500 |
| Annual Per SF | $17.08 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
9,515 SF
Building Class
C
Year Built/Renovated
1927/2013
Price
$2,595,000
Price Per SF
$273
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.37
Land Acres
0.16 AC
Zoning
Downtown Core Oxnard(DT-C - Downtown Core Oxnard (DT-C)
Amenities
- Banking
- Corner Lot
- Mezzanine
- Tenant Controlled HVAC
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
The first floor is 6,750 square feet, made up of an open retail showroom with private offices, a conference room, and a private restroom. The building can be leased together or demised to separate the first and second-story spaces.
The upstairs office spans 2,765 square feet can accommodate a private side entrance and can be closed off from the downstairs portion of the building. The space comprises six private offices, two open workstation areas, a private restroom, and a very large kitchen and breakroom that could be converted into a conference room.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 6,750 SF | Retail | - | Now |
| 2nd Floor | 2,765 SF | Office/Retail | - | Now |
1st Floor
| Size |
| 6,750 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 2,765 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
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1st Floor
| Size | 6,750 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
The first floor is 6,750 square feet, made up of an open retail showroom with private offices, a conference room, and a private restroom. The building can be leased together or demised to separate the first and second-story spaces.
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2nd Floor
| Size | 2,765 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
The upstairs office spans 2,765 square feet can accommodate a private side entrance and can be closed off from the downstairs portion of the building. The space comprises six private offices, two open workstation areas, a private restroom, and a very large kitchen and breakroom that could be converted into a conference room.
Walk Score ®
Walker's Paradise (94)
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
31,513
181,538
250,286
335,919
2029 Population
30,852
178,537
246,885
331,774
2024-2029 Projected Population Growth
-2.1%
-1.7%
-1.4%
-1.2%
Median Age
32.8
35.0
35.7
37.1
College Degree + Higher
9%
17%
20%
17%
Daytime Employees
11,200
56,780
83,841
153,404
Total Businesses
1,431
6,617
9,862
17,229
Average Household Income
$77,990
$101,564
$101,783
$106,861
Median Household Income
$56,276
$84,981
$84,121
$87,928
Total Consumer Spending
$259M
$1.8B
$2.7B
$3.9B
2024 Households
7,957
47,455
70,625
102,368
Average Home Value
$535,546
$603,344
$619,455
$644,373
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Sushi Way | - | - | 1 min walk |
| Cold Stone Creamery | - | - | 1 min walk |
| Starbucks | Cafe | $ | 2 min walk |
| La Vero's Mexican Seafood & Bar | Seafood | $$$ | 2 min walk |
| Natural Fruit Ice Cream | Ice Cream | - | 4 min walk |
| El Coyote Bar & Grill | Mexican | $ | 4 min walk |
| Buddy Burgers | Burgers | $ | 5 min walk |
| Taco Sisters | American | - | 7 min walk |
| El Burrito Loco | Mexican | $ | 14 min walk |
| Spudnuts Donuts | Donuts | $ | 14 min walk |
Retail |
||
|---|---|---|
| United States Postal Service | Business/Copy/Postal Services | 2 min walk |
| 99 Cents Only Stores | Dollar/Variety/Thrift | 4 min walk |
| Vallarta Supermarkets | Supermarket | 11 min walk |
| CVS Pharmacy | Drug Store | 15 min walk |
Hotels |
|
|---|---|
| Best Western |
99 rooms
2 min drive
|
| Hilton Garden Inn |
170 rooms
8 min drive
|
| Ascend Collection |
73 rooms
7 min drive
|
| Homewood Suites by Hilton |
129 rooms
8 min drive
|
PROPERTY TAXES
| Parcel Number | 202-0-106-400 | Improvements Assessment | $2,090,793 (2023) |
| Land Assessment | $375,271 (2023) | Total Assessment | $2,466,064 (2023) |
PROPERTY TAXES
Parcel Number
202-0-106-400
Land Assessment
$375,271 (2023)
Improvements Assessment
$2,090,793 (2023)
Total Assessment
$2,466,064 (2023)
Sale Advisors
Sale Advisors
Jeffrey Crocker,
First Vice President
(805) 626-6550
Contact
Jeffrey Crocker specializes in brokerage and consulting services for investors and businesses operating in the industrial, flex, and R&D property sectors. Jeffrey’s market focus is Ventura County and Northern LA, and as a Ventura County native, he brings extensive knowledge of the region.
Jeffrey’s approach to real estate stems from his early career working with his family’s real estate investment company and starting a boutique full-service real estate firm. Jeffrey’s diverse experience coupled with his degree in Real Estate and Finance from SDSU allows him to find creative solutions to achieve his clients’ goals. Jeffrey spent six years working in the San Diego Kidder Mathews office prior to relocating to Camarillo. Jeffrey has closed more than $100 million in sale and lease transactions.
Jeff values spending time with family and friends, and he is also an avid surfer.
Jeffrey’s approach to real estate stems from his early career working with his family’s real estate investment company and starting a boutique full-service real estate firm. Jeffrey’s diverse experience coupled with his degree in Real Estate and Finance from SDSU allows him to find creative solutions to achieve his clients’ goals. Jeffrey spent six years working in the San Diego Kidder Mathews office prior to relocating to Camarillo. Jeffrey has closed more than $100 million in sale and lease transactions.
Jeff values spending time with family and friends, and he is also an avid surfer.
Bentley McKean, CCIM, Vice President
(818) 206-7480
Contact
Bentley McKean specializes in the acquisition and disposition of industrial property and commercial development sites throughout Southern California and helps clients buy investment properties nationwide. Bentley enjoys building relationships and helping his clients navigate large and often complex problems to plan and achieve their immediate, long term, and generational real estate goals.
Bentley joined Kidder Mathews in 2022 as a vice president, but started his career at Marcus & Millichap in 2018, where he was awarded M&M’s Rising Star Award (2020) and Emerging Core Award (2021). At the age of 24, Bentley became one of the youngest to have ever earned the “Certified Commercial Investment Member” (CCIM) designation, displaying his early exuberance for real estate investing. Bentley enjoys his work and is always looking for innovative knowledge, tools, and tactics to help improve himself as a real estate professional.
Bentley went to Ventura College for 18 months to get his AA in economics before deciding to take charge of his own education and explore his broad ranging interests in subjects such as: business, finance, technology, and entrepreneurship to name a few. Aside from his passion for real estate, Bentley enjoys laughing, traveling, reading, being outside, and expanding his network by meeting new people.
Bentley joined Kidder Mathews in 2022 as a vice president, but started his career at Marcus & Millichap in 2018, where he was awarded M&M’s Rising Star Award (2020) and Emerging Core Award (2021). At the age of 24, Bentley became one of the youngest to have ever earned the “Certified Commercial Investment Member” (CCIM) designation, displaying his early exuberance for real estate investing. Bentley enjoys his work and is always looking for innovative knowledge, tools, and tactics to help improve himself as a real estate professional.
Bentley went to Ventura College for 18 months to get his AA in economics before deciding to take charge of his own education and explore his broad ranging interests in subjects such as: business, finance, technology, and entrepreneurship to name a few. Aside from his passion for real estate, Bentley enjoys laughing, traveling, reading, being outside, and expanding his network by meeting new people.
Lisa Shields,
Vice President
(805) 879-9639
Contact
Lisa Shields is a seasoned commercial real estate agent with over 15 years’ experience in sales and lease transactions throughout Ventura County. She joined Radius Group in 2016. Previously, she was an associate at CBRE’s Ventura County office.
Lisa has completed lease transactions with notable tenants, including, but not limited to: Fressenius Dialysis, Chick Fil A, Cottage Health Santa Barbara, Grocery Outlet, Chase Bank, Krispy Kreme Donuts, and Raising Cane’s.
Lisa is a driven sales professional and is an expert on the Ventura County commercial real estate market. Her market expertise and attention to detail sets her apart and adds a tremendous value to clients who are seeking professional and sophisticated representation.
Currently, Lisa is an active member of ICSC (Innovating Commerce Serving Communities) and volunteers for WEV (Women’s Economic Ventures).
Lisa has completed lease transactions with notable tenants, including, but not limited to: Fressenius Dialysis, Chick Fil A, Cottage Health Santa Barbara, Grocery Outlet, Chase Bank, Krispy Kreme Donuts, and Raising Cane’s.
Lisa is a driven sales professional and is an expert on the Ventura County commercial real estate market. Her market expertise and attention to detail sets her apart and adds a tremendous value to clients who are seeking professional and sophisticated representation.
Currently, Lisa is an active member of ICSC (Innovating Commerce Serving Communities) and volunteers for WEV (Women’s Economic Ventures).
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Jeffrey Crocker
-
Bentley McKean, CCIM
-
Lisa Shields
-
Kidder Mathews
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143 W 5th St
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