University Shopping Center - PAUL FORBAT - LoopNet
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University Shopping Center
Offering for Sale
409-427 E. Avenida de los Arboles | Thousand Oaks, CA 91360
EXCLUSIVE AGENT:
PAUL FORBAT
(805) 328-6348
paul@pcirealty.com
CAL BRE # 01097663
Offering for Sale
PCI Commercial Realty Group is pleased to offer for sale an 8,000 square-foot portion of Offering Price $5,150,000
the University Shopping Center in Thousand Oaks, California. Situated between Trader Net Operating Income $293,430
Joe’s and Rite Aid, this multi-tenant investment property is fully leased to Subway and well Cap Rate 5.7%
established neighborhood restaurants and merchants. Adjacent buildings feature national Occupancy 100%
chain retailers including Unleashed by Petco, T-Mobile, Sonus Hearing Care Professionals Building Sq. Ft. 8,000
and Union 76. With favorable demographics, proximity to the 101 and 23 Freeways, and Parcel Sq. Ft. 35,062
Cal Lutheran University and Thousand Oaks High School located just minutes away, the Ownership Fee Simple
center stays busy and enjoys consistently high occupancy. The investment is ideally suited
for investors seeking stable income, minimal management, and potential for appreciation.
DISCLAIMER: All information in this Offering for Sale, although obtained from sources deemed reliable, is subject to errors and omissions and must be independently
verified. Agent makes no representation or warranty regarding any aspect of the property and/or its suitability for investment, and disclaims all liability therefor.
Investment Summary
INCOME & VALUE INVESTMENT SUMMARY NOTES:
2016 Scheduled Base Rent $322,450 See Note 1 1. Base rent is the annualized monthly net rent payable as
Management Allowance (4%) ($12,898) See Note 2 of October 1, 2017 pursuant to current leases (all NNN).
A current rent roll and lease copies will be included in
Vacancy Allowance (5%) ($16,123) See Note 3
due diligence materials available to prospective buyers
2017 NOI (est.) $293,430 who execute a confidentiality agreement.
2. Management allowance pertains only to operation of the
Offering Price $5,150,000 multi-tenant buildings for sale. Maintenance and man-
Cap Rate 5.7% agement of the surrounding shopping center common
SITE DATA area (parking lot, landscaping) is separate per recorded
agreements and included in CAM charges to tenants.
Building GLA 8,000
Shopping Center GLA 76,732 3. Tenant occupancy is 100% as of October 1, 2017. For
Year Built 1974 valuation purposes only, a vacancy allowance is shown
but does not indicate or imply a potential vacancy.
Zoning C1 (commercial)
Parcel No. 521-0-070-380 DISCLAIMER: Agent makes no representation or warranty regarding
the property or its performance, without limitation including (a) its
Municipality Thousand Oaks
financial condition, (b) its physical condition, including compliance
County Ventura with applicable laws (e.g. zoning, building codes), (c) its suitability
DEMOGRAPHICS for investment, (d) the future performance of the property, and/or
(e) the tax and/or legal consequences of the investment. Prospec-
Population 1 Mile 3 Mile 5 Mile tive buyers are solely responsible to conduct careful due diligence
2017 Total Population: 16,132 68,069 148,243 and to obtain advice from legal, accounting and other professionals
as necessary to evaluate the suitability of the property for their
2022 Projected Population: 16,490 69,689 151,890 purposes. All information provided by Agent is intended for
Median Household Income: $106,074 $106,029 $104,250 verification by buyer and is subject to errors and omissions.
Unleashed by
P e t c o
T-Mobile
NOTICE: The Offering for Sale is subject to an exclusive listing agreement with PCI Commercial Realty Group, CAL BRE 01888984. Copyright 2017. All rights reserved.
Site Plan
SUBJECT PROPERTY: • Sonus Hearing • Unleased by Petco
• Fresh Donuts • Fibber McGee • T-Mobile
• TK Nail Salon Thrift Shop
• Arboles Animal Clinic
• PJ’s Pub
• Subway
• Allegro Pizza
Trader Joe’s
• Three Amigos SUBJECT
Mexican Restaurant
• Mail Center Rite Aid
• Prism Dental Group
• Brucar Lock & Safe
• Imperial Garden
Chinese Restaurant
• Barber Shop
• Laria Insurance
• Southwest
Liquor Store
• Diamond Cleaners
• Launderland
Site plan is approximate only; all
information is subject to verification.
NOTICE: Except for the subject property, the buildings and tenants depicted above are not a part of the offering
for sale and are intended for general information purposes only without representation or warranty.
Parcel Map
SUBJECT
U n -
leashed by Petco T-Mobile
NOTICE: The parcel map shown is obtained from the County of Ventura Assessor’s Office and is intended for
general information purposes only without representation or warranty .
University Shopping Center
Moorpark Rd.
SUBJECT
NOTICE: Except for the subject property, the buildings and tenants pictured above are not a part of the offering
for sale and are intended for general information purposes only without representation or warranty.
Major Tenants
Unleashed by Petco T-Mobile
NOTICE: The buildings and tenants pictured above are not a part of the offering for sale and are intended for
general information purposes only without representation or warranty .Regional Map
Fillmore
Santa Paula
Ventura County
Southern California
Ventura Moorpark
Simi Valley
Oxnard Camarillo
Newbury Agoura
Park Hills
Thousand
Oaks Westlake
Calabasas
Village
Los
AngelesProperty Location & Community
PROPERTY LOCATION hiking, biking and walking. Another source of pride is the Thousand
Oaks Civic Arts Plaza, featuring world-class entertainment, musicals,
Accessible to both Los Angeles and Ventura Counties via the 23 and concerts, children’s shows, ballets and much more.
101 Freeways, the shopping center is well positioned in northern
Thousand Oaks near major community institutions, and away from Incorporated in 1964, Thousand Oaks is a master planned community.
other supermarket/drug anchored centers. The City provides a wide range of services to residents including a
library, teen center, senior center, cultural center, quality infrastructure
• Cal Lutheran, a private university of over 4,100 students plus and natural open space. The City has maintained a balanced budget
faculty and staff, is just a half mile away. It is also home to the throughout its history due to conservative management.
Los Angeles Rams football team (in-season training facility).
Major employers in the greater Thousand Oaks area include:
• Several large senior-living communities are situated within a
• Amgen
mile, including University Village, The Reserve at Thousand
Oaks, and Belmont Village Senior Living. • Anthem Blue Cross
• Nearby schools include Thousand Oaks High School, La Reina • Baxter Healthcare
High School (private), Conejo Valley Adult School and others. • Los Robles Hospital & Medical Center
• Los Robles Hospital & Medical Center is located 2 miles away. Thousand Oaks is a premiere Southern California community with
family-friendly amenities. More than 40 years of achievements have
• No competing neighborhood centers are located within a mile. made Thousand Oaks one of the most sought-after places in California
to live, work and play. The City's well-deserved accolades include:
COMMUNITY • Ranked #12 in 2015 by FBI for safety (lowest violent crime
rate) for US Cities with population of 100,000+
Thousand Oaks, a family-oriented community of 128,000, is home to
excellent schools, outstanding parks, and myriad shopping opportuni- • Ranked #4 on Kiplinger's “10 Great Cities to Raise Your Kids”
ties, including the largest auto mall in the nation, according to J.D. (2012)
Powers and Associates. Located in scenic Ventura County, just 12 • Bicycling Magazine's Top 50 Bike-Friendly Cities in America
miles inland from the Pacific Ocean, the City is surrounded by more
than 14,800 acres of natural open space with 75 miles of trails for Community information is adapted from Conejo Valley Chamber of Commerce website.
Unleashed by Petco T-Mobile
NOTICE: The Offering for Sale is subject to an exclusive listing agreement with PCI Commercial Realty Group, CAL BRE 01888984. Copyright 2017. All rights reserved.You can also read
