Alpine Plaza Prime Simi Valley Center | Significant Upside
Prime Simi Valley Shopping Center | Significant Mark-to-Market Upside | Attractive Price PSF
Marketing description
The Ovaness & Rostamian Group of Marcus & Millichap is pleased to present the opportunity to acquire 2068 Tapo Street, a multi tenant retail investment located along one of Simi Valley's most established commercial corridors. Situated on Tapo Street with convenient access to the 118 Freeway, the property benefits from strong visibility, excellent accessibility, and a strategic location within a well established retail trade area.
The asset is occupied by a diverse mix of retail and service oriented tenants that provide stable in place income and serve the daily needs of the surrounding community. Supported by a dense residential population and strong demographic fundamentals, the center has established itself as a neighborhood retail destination within the market.
In addition to its existing income stream, the property offers investors the opportunity to enhance long term returns through future lease renewals, rental rate growth, and active leasing strategies. Combined with its position within a mature and supply constrained retail market, the asset is well positioned to benefit from continued tenant demand and long term appreciation.
2068 Tapo Street represents an opportunity to acquire a well located retail asset with a diversified tenant base, stable cash flow characteristics, and meaningful upside potential in one of Ventura County's most desirable and established submarkets.
Investment highlights
• Prime Simi Valley Retail Corridor Located along Tapo Street, one of Simi Valley’s primary commercial thoroughfares, the property benefits from strong visibility, consistent traffic flow, and convenient access to the 118 Freeway, placing it within a highly sought after retail trade area.
• Diversified Multi Tenant Income Stream The center is occupied by a balanced mix of retail and service oriented tenants, providing multiple sources of income and reducing exposure to any single tenant or business category.
• Affluent and Established Demographics Simi Valley is supported by strong household incomes, a stable population base, and favorable demographic fundamentals that continue to attract retailers and service providers.
• Internet Resistant Tenant Base Anchored by U.S. Bank and complemented by necessity based and service oriented tenants, the property benefits from businesses that are generally less susceptible to e commerce competition and continue to rely on in person consumer engagement.
• Value Add Potential Through Leasing Initiatives Investors have the opportunity to enhance cash flow through lease renewals at market rates, contractual rent growth, and the strategic leasing of space over time.
• Supply Constrained Retail Market Simi Valley is a mature and established retail market with limited opportunities for significant new development, helping support long term occupancy and rental rate growth.
• Excellent Visibility and Accessibility The property offers strong street frontage, convenient ingress and egress, and ample parking, creating an accessible environment for both tenants and customers.
• Established Residential Consumer Base Surrounded by well established residential neighborhoods, the center serves a large population of nearby residents and benefits from recurring neighborhood demand.
• Stable In Place Income with Future Growth Potential The offering provides a combination of current cash flow and future upside, making it well suited for investors seeking both income stability and long term value appreciation.
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