711 E Daily Drive
Spaces
Value-Add Potential Office | 41,250 SqFt
Building description
711 E. Daily Drive offers a compelling opportunity to acquire a well-maintained, institutional-quality office building totaling approximately ±41,250 square feet within the highly regarded Camarillo Business Center. The Property benefits from a strategic location with immediate access to the Ventura (101) Freeway, providing excellent visibility, strong corporate identity potential, and convenient connectivity throughout Ventura County and the greater Los Angeles region.
The recent vacancy of former anchor tenancy has created a rare opportunity to control a largely vacant asset with significant contiguous space—an increasingly scarce offering in the market. The building's efficient design, existing improvements, and flexible layout present an ideal solution for an owner-user seeking immediate occupancy, while also providing optionality for partial lease-up to generate supplemental income.
The Property has been professionally maintained, and the Ownership is currently in the process of replacing the roof, further enhancing the physical condition of the asset and materially reducing near-term capital expenditure requirements.
With its combination of scale, visibility, physical quality, and leasing flexibility, 711 E. Daily Drive is well-positioned for a range of strategies, including owner occupancy, lease-up, or long-term repositioning within one of Ventura County's most established office environments.
Building highlights
- Rare Owner-User Opportunity - Significant contiguous vacancy allows a buyer to occupy a portion or the majority of the building, with flexibility to lease remaining space in one of the primary office properties in West Ventura County
- Positive Value-Add Potential - Opportunity to execute a lease-up strategy, reposition the tenant mix, and capture rental upside in a supply-constrained submarket
- Load Factor Savings - Property Load Factor is only 7.10%, saving tenants about $0.16/SF per month compared to other properties
- Compelling Discount to Replacement Costs - Investors benefit from a significant discount to replacement costs, allowing below-market basis entry with limited risk of new competing supply at comparable pricing
- Large Block Availability - Institutional-quality building with rare availability of scalable space suitable for headquarters users or professional office occupancy
- Strong Physical Condition - Well-maintained asset with a roof replacement currently underway, reducing near-term capital risk
- Prominent Freeway Exposure & Signage - Exceptional visibility along the Ventura (101) Freeway, offering strong signage and branding potential
- Flexible Floor Plates - Efficient layouts support a wide range of configurations, from single-tenant occupancy to multi-tenant leasing
- Established Business Park Location - Situated within Camarillo Business Center, a professionally maintained campus environment with strong parking and nearby amenities
- Attractive Ventura County Market Fundamentals - Desirable coastal submarket with access to a skilled labor base, strong demographics, and proximity to major economic drivers
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