Duong Investment Group

VINEYARD PLAZA

2311 N. Oxnard Boulevard | Oxnard, CA

Property Description

Price: $22,360,000
Price Per/SF: 356.80
Land Area: 5.47 Acres
Cap Rate: 6.44% Current | 7.16% PF
Gross Leasable Area: 62,669 SF
Year Built: 1988

Investment Highlights

Offered at a 6.44% Cap Rate on Current Income and 7.16% on Pro Forma

Seasoned Tenant Base with Over 56% of the Center Having Occupied their Spaces for Over 10 Years

Rare Coastal California Location Situated Less Than 5 Miles from the California Coastline

Oxnard has Experienced Tremendous Growth as Residents from More Expensive Coastal Markets to the North and South have Migrated and Compressed into this Region

 

Prime Retail Location

The Subject Property is Located at the First Major Intersection off of the 101 Highway Exit – Traffic Counts at this Intersection Exceed 80,000 Cars Per Day

Over 60% of the Tenants at the Subject Property are Serviced-Oriented Business that Insulated from E-Commerce Competition

Synergistic Tenant Mix of Restaurant and Service Tenants Promotes Strong and Recurring Patronage to the Subject Property

Other Major Retailers in this Area Include Carl’s Jr. (NAP), Lowe’s, Home Depot, Dick’s Sporting Goods, Walgreens, Target, ULTA Beauty, H&M, In N Out, BJ’s Restaurant & Brewhouse, and Many More

 

Strong Real Estate Fundamentals

Highly Visible Monument Signage on both Vineyard Avenue (40,000 Cars Per Day) and Oxnard Boulevard (41,000 Cars Per Day)

Multiple Points of Ingress and Egress on Both Oxnard Boulevard and Vineyard Avenue

The Subject Property is Surrounded by a Large Number of Multifamily and Single Family Residences, Providing for a Strong Immediate Customer Base – Please See Aerial on Page 3 for More Information

Dense, Infill Area with 290,835 Residents Within Five Miles | Strong Average Household Income of $95,218 Within Five Miles

Contact Information

Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643