706 New Los Angeles Ave | Moorpark, CA 93021
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- LoopNet Team
706 New Los Angeles Ave
Moorpark, CA 93021
Retail Property For Sale
Investment Highlights
- Ability for investor to create immediate value in the lease up of the remaining six units, which make up 12.1% of the total GLA
- Anchored by Amazon Fresh (S&P: AA) grocery store and the new Lucky Strike expected to open in Fall 2023
- Net Operating Income for year two is projected to grow by 23.6% through lease up of the vacancies and annual rental increases
- Very affluent community with an average net worth of $2,507,265 and an average household income of $176,661 for residents within a 3-mile radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront
Building Size
129,782 SF
Building Class
B
Year Built
2007
Percent Leased
88%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.74
Lot Size
4.01 AC
Zoning
SRC/BP
Parking
171 Spaces (1.32 Spaces per 1,000 SF Leased)
Frontage
331 FT on New Los Angeles Pky Pky
Amenities
- Banking
- Freeway Visibility
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 512-0-350-045 | Improvements Assessment | $20,813,074 |
| Land Assessment | $8,041,516 | Total Assessment | $28,854,590 |
PROPERTY TAXES
Parcel Number
512-0-350-045
Land Assessment
$8,041,516
Improvements Assessment
$20,813,074
Total Assessment
$28,854,590
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