Marin Professional Center
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Marin Professional Center
2 Office Properties in Thousand Oaks, CA
Investment Highlights
- BEST-IN-CLASS BOUTIQUE OWNER/USER PROFESSIONAL BUILDING - THOUSAND OAKS, CA
Executive Summary
INVESTMENT HIGHLIGHTS
BEST-IN-CLASS BOUTIQUE OWNER/USER PROFESSIONAL BUILDING - THOUSAND OAKS, CA
* Most desirable space in newly renovated property available for an owner/user to occupy up to 12,692 SF of contiguous space.
* Attractive seller financing available for qualified buyers with as little as $5M down, up to 70% loan-to-value.
* Hands-on ownership will facilitate build-out of occupant’s space to allow for easy transition into new space.
NEWLY RENOVATED PROFESSIONAL/HEALTHCARE CENTER
* Pride of ownership asset completely renovated in 2020 with improvements totaling ~$1.75M will minimize near term capital expenditures.
* 50% of the Property is leased to healthcare related occupiers which have a high probability of renewal providing for stable cash flow.
* Ability to accommodate up to 70% medical through reconfiguration of parking areas – Medical rents are 30% higher than office rents in the Thousand Oaks submarket.
ROBUST SUBURBAN PROFESSIONAL OFFICE MARKET DEMAND
* Robust small tenant demand – Thousand Oaks office buildings Under 60,000 SF are outperforming the market by threefold with a relatively low vacancy of ~11%. (Costar)
* Thousand Oaks benefits from strong medical office fundamentals with a very low average vacancy rate of 10%, and rents that are 30% higher than general office rents.
EXCELLENT SUBURBAN MARKET LOCATION
* Thousand Oaks is ranked as one of the 100 highest-income counties in the country – Average household incomes of $125,399. The median home price within five miles is $900,600. (United States Census Bureau)
* Less than 1 mile from the Moorpark exit off the 101 Freeway and ¼ mile from the 101 and 23 freeway interchange, providing convenient access to the communities of the Conejo Valley.
BEST-IN-CLASS BOUTIQUE OWNER/USER PROFESSIONAL BUILDING - THOUSAND OAKS, CA
* Most desirable space in newly renovated property available for an owner/user to occupy up to 12,692 SF of contiguous space.
* Attractive seller financing available for qualified buyers with as little as $5M down, up to 70% loan-to-value.
* Hands-on ownership will facilitate build-out of occupant’s space to allow for easy transition into new space.
NEWLY RENOVATED PROFESSIONAL/HEALTHCARE CENTER
* Pride of ownership asset completely renovated in 2020 with improvements totaling ~$1.75M will minimize near term capital expenditures.
* 50% of the Property is leased to healthcare related occupiers which have a high probability of renewal providing for stable cash flow.
* Ability to accommodate up to 70% medical through reconfiguration of parking areas – Medical rents are 30% higher than office rents in the Thousand Oaks submarket.
ROBUST SUBURBAN PROFESSIONAL OFFICE MARKET DEMAND
* Robust small tenant demand – Thousand Oaks office buildings Under 60,000 SF are outperforming the market by threefold with a relatively low vacancy of ~11%. (Costar)
* Thousand Oaks benefits from strong medical office fundamentals with a very low average vacancy rate of 10%, and rents that are 30% higher than general office rents.
EXCELLENT SUBURBAN MARKET LOCATION
* Thousand Oaks is ranked as one of the 100 highest-income counties in the country – Average household incomes of $125,399. The median home price within five miles is $900,600. (United States Census Bureau)
* Less than 1 mile from the Moorpark exit off the 101 Freeway and ¼ mile from the 101 and 23 freeway interchange, providing convenient access to the communities of the Conejo Valley.
Property Facts
| Sale Type | Investment or Owner User | Individually For Sale | 0 |
| Status | Active | Total Building Size | 52,982 SF |
| Number of Properties | 2 | Total Land Area | 4.45 AC |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 52,982 SF |
| Total Land Area | 4.45 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Marin Professional Center
509 Marin St, Thousand Oaks, CA 91360 |
Office | 21,607 SF | 1982 | - |
|
Marin Professional Center
501 Marin St, Thousand Oaks, CA 91360 |
Office | 31,375 SF | 1982 | - |
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Contacts
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Mark Shaffer -
Gerard Poutier -
Dylan Rutigliano -
Bryan Johnson -
Nick Williams -
CBRE, Inc.
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