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Vacant-User

1102 -1114 Industrial Avenue

1102 -1114 Industrial Avenue, Oxnard, CA 93030

Listing Price: $1,995,000

Cap Rate
3.47%
Gross SF
11,000
Price/Gross SF
$181.36
Lot Size
0.34 acres
Year Built
1959
Rentable SF
11,000

Investment Overview

Marcus & Millichap is pleased to present the rare opportunity to acquire the fee-simple interest in two adjacent warehouses located at 1102-1114 Industrial Avenue in Oxnard, California. The buildings combine for a total of approximately 11,000 square feet on 0.34 acres of land with versatile M1 zoning. The current tenant, Finishmaster, Inc., will be vacating in January 2022 and a new owner can either occupy the properties or create value by making renovations and leasing them for income. 1102 Industrial Avenue is a single-story warehouse built in 1959 with masonry construction. It contains approximately 5,600 square feet. Clear ceiling height is 12 feet. There is one 16 feet (wide) x 8 feet (high) double drive-in door at the side of the building for loading. 1114 Industrial Ave includes a two-story office structure at the front with a single-story warehouse in the back. This property was built in 1964 with masonry construction and contains approximately 5,400 square feet. Clear ceiling height is 12 feet. There are two roll-up doors for loading, 10 feet (wide) x 10 feet (high). These warehouses are strategically positioned in a Qualified Opportunity Zone and enjoy a competitive advantage in the marketplace being able to easily service the cities of Oxnard, Port Hueneme, Ventura, and Camarillo, with combined population of over 400,000 residents per the 2020 US Census Bureau. The properties also have convenient access to the 101 Freeway with Downtown Los Angeles about 65 miles to the south and Santa Barbara 35 miles to the north. High barriers to entry in west Ventura County and restrictive development guidelines assure these industrial buildings will remain instrumental and highly sought-after for the foreseeable future.

Investment Highlights

  • Rare Adjacent Industrial Warehouses in Oxnard, California (West Ventura County)
  • Combined Building Area of Approximately 11,000 Square Feet on 0.34 Acres with M1 Zoning
  • Qualified Opportunity Zone: Close Proximity to Port Hueneme and 101 Freeway
  • Current Tenant to Vacate by January 31, 2022 : Excellent Owner-User and Value Add Opportunities

Exclusively Listed By

Financing By

Vacant-User

1102 -1114 Industrial Avenue

Listing Price: $1,995,000

Cap Rate
3.47%
Gross SF
11,000
Price/Gross SF
$181.36
Lot Size
0.34 acres
Year Built
1959
Rentable SF
11,000

Investment Highlights

  • Rare Adjacent Industrial Warehouses in Oxnard, California (West Ventura County)
  • Combined Building Area of Approximately 11,000 Square Feet on 0.34 Acres with M1 Zoning
  • Qualified Opportunity Zone: Close Proximity to Port Hueneme and 101 Freeway
  • Current Tenant to Vacate by January 31, 2022 : Excellent Owner-User and Value Add Opportunities

Investment Overview

Marcus & Millichap is pleased to present the rare opportunity to acquire the fee-simple interest in two adjacent warehouses located at 1102-1114 Industrial Avenue in Oxnard, California. The buildings combine for a total of approximately 11,000 square feet on 0.34 acres of land with versatile M1 zoning. The current tenant, Finishmaster, Inc., will be vacating in January 2022 and a new owner can either occupy the properties or create value by making renovations and leasing them for income. 1102 Industrial Avenue is a single-story warehouse built in 1959 with masonry construction. It contains approximately 5,600 square feet. Clear ceiling height is 12 feet. There is one 16 feet (wide) x 8 feet (high) double drive-in door at the side of the building for loading. 1114 Industrial Ave includes a two-story office structure at the front with a single-story warehouse in the back. This property was built in 1964 with masonry construction and contains approximately 5,400 square feet. Clear ceiling height is 12 feet. There are two roll-up doors for loading, 10 feet (wide) x 10 feet (high). These warehouses are strategically positioned in a Qualified Opportunity Zone and enjoy a competitive advantage in the marketplace being able to easily service the cities of Oxnard, Port Hueneme, Ventura, and Camarillo, with combined population of over 400,000 residents per the 2020 US Census Bureau. The properties also have convenient access to the 101 Freeway with Downtown Los Angeles about 65 miles to the south and Santa Barbara 35 miles to the north. High barriers to entry in west Ventura County and restrictive development guidelines assure these industrial buildings will remain instrumental and highly sought-after for the foreseeable future.

Exclusively Listed By

Financing By

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