5850 Thille St
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5850 Thille St
17,759 SF 85% Leased Office Building Ventura, CA 93003 $3,800,000 ($214/SF) 5.12% Cap Rate
Investment Highlights
- Victoria business corridor between the 126 and 101 Freeways.
- Short term leases with rental income upside.
- Building signage, rooftop solar and elevator served.
- Walking distance to amenities and county government center.
- Condo conversion started for individual sale.
- 70 surface parking spaces, parking ratio 4.1/1000
Executive Summary
Multi-tenant 2-story office building for sale located in the Victoria Business Corridor. Easy access to the 101 and 126 Freeways. Well maintained, 89% leased with 70 surface parking spaces. parking ratio 4/1,000 sf. Condo conversion application in process providing potential sales and profit.
Property Facts In Escrow
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
17,759 SF
Building Class
C
Year Built/Renovated
1979/2017
Price
$3,800,000
Price Per SF
$214
Cap Rate
5.12%
NOI
$194,490
Percent Leased
85%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
8,879 SF
Building FAR
0.45
Lot Size
0.90 AC
Zoning
PO, Ventura - Office
Parking
70 Spaces (4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Property Manager on Site
- Signage
- Central Heating
- Fully Carpeted
- Direct Elevator Exposure
- Wi-Fi
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
This property is located in Ventura business corridor off Victoria Avenue, near government center between highway 101 and 126.
- 2nd Fl-Ste 201
- 806 SF
- Office
- Partial Build-Out
- Now
- 2nd Fl-Ste 202
- 1,007 SF
- Office
- Partial Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 100-B | 895 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 201 | 806 SF | Office | Partial Build-Out | Now |
| 2nd Fl-Ste 202 | 1,007 SF | Office | Partial Build-Out | Now |
1st Fl-Ste 100-B
| Size |
| 895 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 201
| Size |
| 806 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 202
| Size |
| 1,007 SF |
| Space Use |
| Office |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 100-B
| Size | 895 SF |
| Space Use | Office |
| Condition | Partial Build-Out |
| Available | Now |
This property is located in Ventura business corridor off Victoria Avenue, near government center between highway 101 and 126.
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Walk Score®
Very Walkable (72)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 083-0-212-090 | Improvements Assessment | $2,314,700 |
| Land Assessment | $1,338,622 | Total Assessment | $3,653,322 |
PROPERTY TAXES
Parcel Number
083-0-212-090
Land Assessment
$1,338,622
Improvements Assessment
$2,314,700
Total Assessment
$3,653,322
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Doll Real Estate Services
5850 Thille St
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