Listed by NAI Capital - Ventura County
$7,500,000
1690 Universe Circle at Channel Islands Business Center
Details
APN 220-0-292-135
Property Type Office
Sub Type Medical Office
Square Footage 34,000
Net Rentable (SqFt) 34,000
Units 2
NOI $232,000
Occupancy 41%
Tenancy Multi
Lease Type Net
Lease Term 6
Lease Expiration 06/30/2029
Remaining Term 3
Rent Bumps Yes
Lease Options Yes
Pro-Forma Cap Rate 6.00%
Pro-Forma NOI $590,000
Price per SqFt $221
Broker Co-Op Yes
Class B
Year Built 1987
Year Renovated 2017
Buildings 1
Stories 2
Acreage 2.200
Zoning MLPD
Tenant Credit No Credit Rating
Lease Commencement 01/01/2024
Occupancy Date 01/01/2024
34,000 SqFt Building, 41% Leased, 20,000 SqFt Available for Lease
Marketing description
Ground floor offices - 20,000+/- RSF
2nd floor - 14,000+/- RSF leased offices through 6/30/2029.
In-place 2nd floor Income - $232,119 for 12-months 7/2026 to 6/2027; AIR CRE Net Lease
Listing Contacts
Listed by NAI Capital - Ventura County
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$232,000.00
$19,333.33/mo
Valuation Metrics
0
DSCR
3.09%
Cap Rate
3.09%
ROI
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