23,919 SF Industrial Warehouse with 101 Freeway Visibility
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Marketing description
Kidder Mathews is pleased to present for sale 3615 Old Conejo Rd, a versatile high image industrial building within a master-planned business park along the 101 Freeway.
This versatile acquisition presents a unique hybrid opportunity for an investor or business owner looking to establish a major regional footprint. The 23,919-square-foot facility offers approximately 17,088 square feet of immediate vacancy at the close of escrow, allowing a buyer to move their operations in right away. Meanwhile, the remaining square footage provides a reliable income stream via a tenant lease that runs through early 2029, effectively subsidizing the cost of ownership while the new owner builds equity in a high-value asset.
The property's true strength lies in its ability to pivot between vastly different industrial needs. This flexibility ensures that the building remains a "future-proof" investment, capable of serving as a sophisticated corporate headquarters, a specialized biotech laboratory, or a high-efficiency distribution warehouse.
Investment highlights
- BUILT-IN SECONDARY INCOME - The property features a stable sublease with a gymnastics training center for 6,831 square feet, generating consistent monthly revenue through January 2029. At approximately $1.29 per square foot, this existing tenancy provides a reliable financial cushion that offsets traditional operating expenses..
- PRIME REGIONAL LOGISTICS HUB - Positioned just off the 101 Freeway, the site offers unparalleled access to the commercial corridors of both Ventura and Los Angeles Counties. This strategic placement is ideal for companies that require efficient transit for field service crews, distribution fleets, or a commuting professional workforce.
- VERSATILE INDUSTRIAL BACKBONE - Designed to support high-intensity operations, the facility is equipped with a massive 600-amp, 3-phase power system and soaring 19-foot interior ceilings. These specifications make the building equally suitable for heavy manufacturing, specialized laboratory work, or high-density warehouse storage.
- SECURE FEE-SIMPLE OWNERSHIP - This offering is strictly for the purchase of the asset, providing a rare chance to control a significant piece of real estate in a supply-constrained market. Ownership allows a business to escape the uncertainty of the rental market and lock in long-term occupancy costs at a fixed rate.
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