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26690285
26692131

660 Ventura Blvd, Camarillo, CA 93010

DM
CA #00897784
Faris Lee Investments
Listed by Faris Lee Investments
$10,561,000
80 days on market
Updated 51 days ago

Outparcel at Camarillo Outlets

Details
APN 229-0-340-040
Property Type Retail
Sub Type Storefront
Square Footage 10,324
Net Rentable (SqFt) 10,324
Cap Rate 5%
NOI $527,989
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 2015
Acreage 0.570
Zoning C1
Ground Lease No

Just Listed / A+ Real Estate - 4 Tenant Pad | 4.06% - Interest Only Assumable Loan | Camarillo, CA

Marketing description

Situated at 660 E. VENTURA BLVD., CAMARILLO, CA 93010, this outparcel presents a prime investment opportunity at an offering price of $10,422,000. With a net operating income of $521,029 and a cap rate of 5.00%, this 10,324 SF property boasts prominent tenants like Chipotle, Makenna Koffee, Ubatuba Acai, and Latitude 34. Enjoying an enviable location at the esteemed Camarillo Outlets, this outparcel benefits from the high foot traffic drawn by the outlets' 150+ renowned retailers, yielding sales of nearly $800 per square foot. The property's strategic visibility from the 101 freeway and Las Posas Rd. ensures significant exposure to the 200,000+ vehicles passing daily. Featuring a strong tenant lineup immune to e-commerce threats, this property offers an assumable loan with a low, fixed interest rate of 4.059%, ideal for maximizing cash flow. With affluent demographics and exceptional construction quality, this outparcel at Camarillo Outlets stands as a lucrative and prestigious investment opportunity.

Investment highlights

  • Irreplaceable Pad To Highly Successful Simon Camarillo Outlets | 6.7 Million Visitors Annually – A Rated Center

  • Strong National / Regional Tenant Line Up – Daily Needs & E-Commerce Proof | Chipotle, Ubatuba Acai, Latitude 34 & Makenna Koffee

  • Excellent New Significant Local Traffic Generators- Finney Crafthouse, Chick Fila/Embassy Suites/ Home 2 Suites-2026 opening – Costco/ Texas Roadhouse – 2026 opening

  • Ideal Freeway Frontage with Excellent Visibility from the 101 Freeway (±150K VPD) at High Trafficked Intersection of Ventura Blvd/ Las Posas ( 50K VPD )

  • Exceptionally Low Fixed Rate Assumable Loan | 4.059 % interest is extremely favorable in today’s current lending market

  • Highly Affluent Demographics & Large Trade Area | $150,000 – 3 Mile Radius & 460K Population in 10 Mile Radius

Listing Contacts

DM
CA #00897784
Faris Lee Investments
Listed by Faris Lee Investments

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$527,989.00
$43,999.08/mo

Valuation Metrics

0
DSCR
5%
Cap Rate
5%
ROI

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