Cell Towers Included 501 W Channel Islands Blvd
17,540 SF 100% Leased Office Building Port Hueneme, CA 93041 $4,200,000 ($239.45/SF) 8.84% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term tenants with strong upside
- A short distance to the Channel Islands Harbor
- Only three-story building in Southwest Ventura County
- Adjacent to the Port Hueneme Naval Base
- Frontage on Channel Islands Blvd
- Cannabis friendly zoning
EXECUTIVE SUMMARY
501 Channel Islands Blvd is a three-story 18,800 square foot commercial building adjacent to the Port Hueneme Naval Base, an economic locomotive in the region, as well as the Channel Islands Harbor which harbors some of the most exclusive residential properties in all of Ventura County. Being the only three-story property in the area, this project has a unique advantage in terms of cell and data towers and is well remembered by residents and retailers alike. The property is currently 59.6% leased to a diverse group of retail, cannabis, medical, and traditional office tenants.
501 Channel Islands Blvd offers a unique opportunity to acquire an one of a kind building in a quickly developing market.
MARKETING PROCESS
The owner will consider offers as presented, but reserves the right to set a deadline for a definitive date
501 Channel Islands Blvd offers a unique opportunity to acquire an one of a kind building in a quickly developing market.
MARKETING PROCESS
The owner will consider offers as presented, but reserves the right to set a deadline for a definitive date
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
17,540 SF
Building Class
C
Year Built
1968
Price
$4,200,000
Price Per SF
$239.45
Cap Rate
8.84%
NOI
$371,280
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
5,846 SF
Building FAR
0.47
Lot Size
0.85 AC
Zoning
C2PD
Parking
75 Spaces (4.27 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
1 of 4
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 190-0-010-085 | Improvements Assessment | $3,221,866 |
| Land Assessment | $1,031,854 | Total Assessment | $4,253,720 |
