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Office Vacant-User

55 & 67 S Glenn Drive

55 S Glenn Dr, Camarillo, CA 93010

Listing Price: $1,985,000

Gross SF
6,600
Rentable SF
6,600
Price/Gross SF
$300.76
Lot Size
0.17 acres
Year Built
1960

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present this unique opportunity to purchase 55 S. Glenn Drive, Camarillo, CA 93010 (the “Property”), a 6,618 square foot, one story, commercial property in the Old Town area of Camarillo. 55 S Glenn provides the buyer a highly efficient workspace with flexible floor plan, and occupancy strategies. Buyer can occupy all or part of the property or lease out the whole with a proforma cap rate of 6.5% based on $1.76/sf NNN. This 1960 structure, directly across from Dizdar Park, was handsomely renovated in 2006. The renovation project included new roof, solar, skylights, four restrooms, kitchen, and updated facade. The building has been demised, with a non-bearing wall to create two independent units, each with street retail frontage and eyebrow signage. The renovation exposed the clear span bow-truss 21’ roof line. Get Cut Fitness occupies the southerly portion of the property on a MG lease expiring August 31, 2021. Seller occupies the northerly portion and is willing to either vacate upon the close of escrow or leaseback for up to 5 years upon mutually agreeable terms. A plan to renovate the adjacent Dizdar Park is currently in the works with the city. With continued housing and employment growth in Camarillo, coupled with the City’s priority to continue developing Camarillo’s Old Town district, the subject Property is poised for continued appreciation.

Investment Highlights

  • Freestanding Commercial Property
  • Well-Maintained Building
  • Tenant Lease Flexibility
  • One Block Off Of Ventura Boulevard/Old Town Camarillo

Exclusively Listed By

Office Vacant-User

55 & 67 S Glenn Drive

Listing Price: $1,985,000

Gross SF
6,600
Rentable SF
6,600
Price/Gross SF
$300.76
Lot Size
0.17 acres
Year Built
1960

Investment Highlights

  • Freestanding Commercial Property
  • Well-Maintained Building
  • Tenant Lease Flexibility
  • One Block Off Of Ventura Boulevard/Old Town Camarillo

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present this unique opportunity to purchase 55 S. Glenn Drive, Camarillo, CA 93010 (the “Property”), a 6,618 square foot, one story, commercial property in the Old Town area of Camarillo. 55 S Glenn provides the buyer a highly efficient workspace with flexible floor plan, and occupancy strategies. Buyer can occupy all or part of the property or lease out the whole with a proforma cap rate of 6.5% based on $1.76/sf NNN. This 1960 structure, directly across from Dizdar Park, was handsomely renovated in 2006. The renovation project included new roof, solar, skylights, four restrooms, kitchen, and updated facade. The building has been demised, with a non-bearing wall to create two independent units, each with street retail frontage and eyebrow signage. The renovation exposed the clear span bow-truss 21’ roof line. Get Cut Fitness occupies the southerly portion of the property on a MG lease expiring August 31, 2021. Seller occupies the northerly portion and is willing to either vacate upon the close of escrow or leaseback for up to 5 years upon mutually agreeable terms. A plan to renovate the adjacent Dizdar Park is currently in the works with the city. With continued housing and employment growth in Camarillo, coupled with the City’s priority to continue developing Camarillo’s Old Town district, the subject Property is poised for continued appreciation.

Exclusively Listed By

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