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Bldg 24 3175 Old Conejo Rd

6,523 SF 100% Leased Office Building Thousand Oaks, CA 91320 $2,599,000 ($398/SF) 4.62% Cap Rate

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Investment Highlights

Freeway access (101)
2 story with elevator
All tenants are current.

Great parking
Newer roof
Property is in great condition, pride of ownership property.

Executive Summary

2 Story office building. Elevator. Individually metered suites - electric. Separate HVAC in each office suite. Great location, just off the 101 Freeway. Light and bright. Plenty of parking. One suite on the second floor can be delivered vacant to an owner/user. Published cap rate is proforma.

Financial Summary (Pro forma - 2023)	Annual	Annual Per SF
Gross Rental Income	$148,000	$22.69
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	$148,000	$22.69
Taxes	$23,000	$3.53
Operating Expenses	$8,500	$1.30
Total Expenses	$31,500	$4.83
Net Operating Income	$116,500	$17.86

Financial Summary (Pro forma - 2023)

Gross Rental Income
Annual	$148,000
Annual Per SF	$22.69

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$148,000
Annual Per SF	$22.69

Taxes
Annual	$23,000
Annual Per SF	$3.53

Operating Expenses
Annual	$8,500
Annual Per SF	$1.30

Total Expenses
Annual	$31,500
Annual Per SF	$4.83

Net Operating Income
Annual	$116,500
Annual Per SF	$17.86

Property Facts

Sale Type

Investment or Owner User

Sale Condition

1031 Exchange

Property Type

Office

Property Subtype

Medical

Building Size

6,523 SF

Building Class

Year Built

2008

Price

$2,599,000

Price Per SF

$398

Cap Rate

4.62%

NOI

$120,000

Percent Leased

100%

Tenancy

Multiple

Building Height

2 Stories

Typical Floor Size

3,262 SF

Slab To Slab

9’

Building FAR

1.87

Lot Size

0.08 AC

Zoning

C2 - General office. Medical office.

Parking

27 Spaces (4.14 Spaces per 1,000 SF Leased)

Amenities

24 Hour Access
Courtyard

Security System
Central Heating

Natural Light

Air Conditioning

About 3175 Old Conejo Rd , Thousand Oaks, CA 91320

2 Story office building. Elevator. Individually metered electric. Separate HVAC in each office suite. Great location, just off the 101 Freeway. Light and bright. Plenty of parking. 100% occupied, but a second floor unit can be delivered vacant to an owner/user.(approx.664 sq ft). Call for updated availability. Newly zoned to allow medical use,will permit TI's.

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aerial
map
Site Plan

3175 Old Conejo Rd, Thousand Oaks, CA - aerial map view

3175 Old Conejo Rd, Thousand Oaks, CA - Site Plan - Image 1

3175 Old Conejo Rd, Thousand Oaks, CA - Site Plan - Image 2

PROPERTY TAXES

Parcel Number	668-0-370-015	Total Assessment	$1,449,079 (2024)
Land Assessment	$579,633 (2024)	Annual Taxes	$23,000 ($3.53/SF)
Improvements Assessment	$869,446 (2024)	Tax Year	2023