New Los Angeles Ave. & Miller Pkwy., Moorpark, CA 93021 For Lease

The subject property is an approximately 12.77 acre gross and 11.22 net rentable acres, unimproved parcel currently ground-leased to The Home Depot U.S.A., Inc. There are three years remaining on the lease Home Depot currently does not have plans to develop the parcel.

Located at the gateway to the City of Moorpark, the subject property features excellent exposure along Hwy. 23 and Hwy 118, two of the area's dominant traffic arteries with daily traffic counts in excess of 46,000 vehicles. The site is situated adjacent to Moorpark Marketplace, a 358,000-square foot power center anchored by Target, Kohl's, Smart & Final, Michaels and TJ Maxx. Other national retailers located in the immediate area include Amazon Fresh, Famous Footwear, In-N-Out Burger, Del Taco, Panda Express, Baja Fresh, Denny's and Bank of America. The largest employer in Moorpark, Custom Sensors & Technologies, with over 1,200 employees, is also positioned directly across the street. This affluent area boasts average household incomes in excess of $191,000.

As one of the most desirable communities in Los Angeles, the City of Moorpark is rapidly developing. Over the past 10 years, the City's growth rate was over 19% and is expected to grow by over 17% within the next five years. Located approximately 40 minutes from Downtown Los Angeles, Moorpark offers easy access to all communities of the greater Los Angeles area.