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33349119
33349116

880 W Verdulera Street, Camarillo, CA 93010-8371

GF
CA 01483890
Lee & Associates - LA North - Calabasas
BS
CA # 01991011
Lee & Associates - LA North - Calabasas
Lee & Associates - LA North - Calabasas
Listed by Lee & Associates - LA North - Calabasas
$4,100,000
0 days on market
Updated 0 days ago

880 Verdulera Street

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 14,974
Cap Rate 6.00%
NOI $245,700
Occupancy 100%
Tenancy Single
Brand/Tenant Clean Harbors
Lease Type NNN
Lease Term 4
Lease Expiration 01/30/2030
Rent Bumps Yes
Lease Options None
Year Renovated 2023
Lot Size (SqFt) 46,169
Zoning M2
Investment Type Owner/User
Tenant Credit Credit Rated
Ceiling Height 20
Dock High Doors 2

880 W Verdulera Street, Camarillo, CA 93010-8371

Marketing description

880 Verdulera Street, Camarillo, CA presents a strong opportunity for an owner-user or investor to acquire a freestanding industrial building in a prime Camarillo location. The property is currently occupied by Clean Harbors NYSE: CLH with approximately four years remaining on its lease.

Investment: 

Clean Harbors currently occupies the property and has been a long-term tenant at the building for nearly 30 years. Due to the specialized nature of their operations, there are very few, if any, comparable buildings in the area that can accommodate their use. This creates a significant competitive advantage for the property and strongly supports the likelihood of tenant retention beyond the remaining four years on the current lease term.

Given the operational infrastructure and location requirements associated with their business, relocating would likely present substantial challenges and costs. As a result, the probability of Clean Harbors renewing its lease at the property is considered very strong, providing investors with long-term occupancy stability and dependable cash flow.

Owner-user: 

From an owner-user perspective, the property presents a unique opportunity to acquire a well-located industrial asset that generates stable in-place cash flow while also providing the ability to occupy the building in approximately four years upon lease expiration. This structure allows a buyer to benefit from immediate investment income while strategically planning for future operational use.

Industrial buildings in this location are exceptionally rare and infrequently come to market, particularly assets with strong freeway access, established industrial functionality, dedicated yard space, and direct proximity to the Camarillo Airport. The property’s airport location adds significant operational value and convenience for a variety of industrial users, including contractors, service-related businesses, storage needs, logistics operators, and aviation-related tenants.

The inclusion of usable yard space further enhances the property’s functionality and flexibility, offering capabilities that are increasingly difficult to find within the Conejo Valley and surrounding Ventura County industrial markets.

As a result, acquiring the property today could prove highly valuable for an owner-user seeking to secure a long-term presence within a highly supply-constrained industrial market before opportunities become even more limited.

Location Overview: 

The subject property is strategically located along Verdulera Street in the city of Camarillo, CA, one of Ventura County's most established and business-friendly communities. Positioned within the heart of the Camarillo industrial and commercial corridor, the property benefits from immediate access to major transportation routes, a strong regional labor pool, and proximity to both Los Angeles and Santa Barbara counties. 880 Verdulera Street offers a highly functional location that combines efficient logistics access with the advantages of operating in a well-maintained and professionally managed business environment.

Accessibility is a major advantage of this location. U.S. Highway 101 (Ventura Freeway) is located approximately 1.5 miles south of the property, providing direct connectivity throughout Southern California and the Central Coast. State Route 118 lies approximately 10 miles east, while Interstate 5 can be reached approximately 40 miles to the east via regional freeway connections. The surrounding area is characterized by a strong concentration of industrial, technology, manufacturing, and distribution businesses, supported by nearby retail amenities, hotels, restaurants, and service providers that cater to both employees and visiting clientele.

Camarillo is widely recognized for its high quality of life, strong local economy, and favorable business climate. The city offers an attractive balance between commercial growth and coastal Southern California lifestyle amenities, including proximity to beaches, golf courses, hiking trails, and the Camarillo Premium Outlets. In addition, Camarillo benefits from a highly educated workforce, convenient regional transportation access, and a reputation as one of Ventura County's premier locations for industrial and commercial investment.

Investment highlights

  • Adjacent to the Camarillo Airport
  • Fenced Yard
  • Immediate Access to the 101 Freeway
  • Tenant is a Publicly Traded Company on the NYSE

Listing Contacts

GF
CA 01483890
Lee & Associates - LA North - Calabasas
BS
CA # 01991011
Lee & Associates - LA North - Calabasas
Lee & Associates - LA North - Calabasas
Listed by Lee & Associates - LA North - Calabasas

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$245,700.00
$20,475.00/mo

Valuation Metrics

0
DSCR
5.99%
Cap Rate
5.99%
ROI

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