60 & 100 n rANCHO ROAD
THOUSAND OAKS, CA 91362
PRICE
$9,050,000
BUILDING SIZE
29,279SF
LOT SIZE
68,825 SF
CAP RATE
PRICE/SF (BLDG)
PRICE/SF
(LAND)
5.01%
$309
$131
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 60 & 100 N Rancho Road, a 29,279 SF two story, two building mixed-use retail and office property situated on 1.58 acres of land (68,825 SF), positioned one parcel north of NE signalized corner of Thousand Oaks Boulevard and N Rancho Road in Thousand Oaks, CA.
60 & 100 N Rancho Road consists of two, two-story mixed-use value-add retail and office buildings. The property is currently 70.4% occupied by a mix of retail and office tenants on staggered leases, creating an immediate value-add opportunity upon stabilization with long term income stability.
The subject property is located one parcel north of the NE signalized corner of Thousand Oaks Blvd and Rancho Road, centrally positioned between both highways serving Thousand Oaks, the 101 Freeway and State Route 23. The property enjoys unparalleled visibility, with approximately 500 feet of frontage along Rancho Road.
The property is comprised of 13,736 SF of ground floor retail space (46.9% of the property) and 15,145 SF of second floor office space (51.7% of the property). The ground floor retail space is 95.0% occupied and second floor office space is 47.4% occupied.