HIGHLY MOTIVATED SELLER! BUILDING NOW VACANT
FOR SALE 30,624 SF RETAIL BUILDING 1189 Simi Town Center Way, Simi Valley, California 93065 L E E - A S S O C I A T E S . C O M LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.
1189 Simi Town Center Way Simi Valley, California 93065
Available SF
30,624 SF Sale Price
$4,999,000 ►
Available Immediately!
►
Great location!
FOR MORE INFORMATION, PLEASE CONTACT ►
ANITA M. ARTUKOVICH Principal | LIC NO 0085158
[email protected] 323.767.2103
Lee & Associates®- Commerce, Inc. CORP ID 01125429
500 Citadel Dr, Ste 140, Commerce, CA 90040 P: 323.720.8484 | F: 323.720.8474 L E E -A S S O CI AT ES.CO M
LOCAL EXPERTISE. INTERNATIONAL REACH. WORLD CLASS.
The information contained herein is obtained from sources believed to be reliable. However, we have not verified it and make no guarantees, warranties or representations as to the completeness or accuracy thereof. The presentation of this property is used for example and is submitted subject to errors, omissions, change of price or conditions, and is subject to prior sale, lease or withdrawal without notice.
ST NT FRO
30,624 SF RETAIL BUILDING FOR SALE PROPERTY SUMMARY
1189 Simi Town Center Way, Simi Valley, California 93065
PROPERTY HIGHLIGHTS OWNER USER OR INVESTOR DEVELOPER OPPORTUNITY - SIMI VALLEY, CA • Freeway Convenient • Abundant Great Parking • New Ownership of SVTC: Alberta Development Partners • Year Built: 2005 • Available Immediately
EXCELLENT RETAIL LOCATION • Superb synergy with surrounding credit tenants including: Best Buy, Lowe’s, Costco, Walmart, Macy’s, Urban Home, Bath & Body Works, Hollister, Ann Taylor, Islands Restaurant, Chipotle, California Pizza Kitchen, Corner Bakery Cafe, Studio Movie Grill and others
Building SF: . Land Area:
. . . . . . . 30,624 SF
. . . . . . . . ±123,274 SF (±2.83 Acres)
• Core retail location and synergistic surrounding tenant mix creates a point of destination location and satisfies daytime/evening customer demands • Excellent visibility and ease of access from the highly trafficked SR-118 (Ronald Reagan Freeway) with over 113,000 cars per day
SALE SUMMARY
• Convenient, large, accessible parking field in front the building adds a convenience-oriented amenity for customers
Price
$5,500,000
Ownership Type
Fee Simple
($180 PSF)
LEE & ASSOCIATES® - COMMERCE, INC.
• Multi-Million dollar renovation to adjacent Simi Valley Town Center will boost visibility for both centers from the 118 freeway with new digital signs on the slope below the properties
LEE & ASSOCIATES® - LA NORTH - CALABASAS, INC. | CORP ID 01191898
LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429
26050 Mureau Rd, Ste 101, Calabasas, CA 91302 • P: 818.223.4388
500 Citadel Dr, Ste 140, City of Commerce, CA 90040 • P: 323.720.8484
L E E - A S S O C I AT E S . C O M
30,624 SF RETAIL BUILDING FOR SALE PROPERTY SUMMARY
1189 Simi Town Center Way, Simi Valley, California 93065
STRONG REAL ESTATE FUNDAMENTALS
AFFLUENT SOUTHERN CALIFORNIA DEMOGRAPHICS
• Low Cost Per Square Foot for Newer Construction
• More than 70,200 people in a 3-mile trade area with an Average Household Income exceeding $112,000.
• Ample, Convenient Parking
• More than 126,800 people in a 5-mile trade area with an Average Household income exceeding $117,000.
• Highly Visible
• Average Household Income in the city of Simi Valley exceeds $117,000 and benefits from an Effective Buyer Income of $83,000 per household per year.
IDEAL 1031 EXCHANGE REPLACEMENT IN AFFLUENT TRADE AREA • No In-Place Financing - Pay Cash or Obtain New Loan at Current Low Rates • Available for a Quick Closing
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LEE & ASSOCIATES® - COMMERCE, INC.
LEE & ASSOCIATES® - LA NORTH - CALABASAS, INC. | CORP ID 01191898
LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429
26050 Mureau Rd, Ste 101, Calabasas, CA 91302 • P: 818.223.4388
500 Citadel Dr, Ste 140, City of Commerce, CA 90040 • P: 323.720.8484
L E E - A S S O C I AT E S . C O M
30,624 SF RETAIL BUILDING FOR SALE PROPERTY DESCRIPTION
1189 Simi Town Center Way, Simi Valley, California 93065
LOCATION
IMPROVEMENTS
1189 Simi Town Center Way Simi Valley, California 93065
The property consists of one (1) retail commercial building containing ±30,624 SF. The building has an approximate width of 166’ and depth of 174’. The building is sprinklered; with 600 Amps, 450/277 Volts, 3 Phase power and has two (2) dock high loading doors.
SITE Located on one (1) parcel of land (APN: 612-0-230-035) totaling ±2.83 acres or 123,274 SF of land area.
ACCESS The property has four (4) public points of ingress and egress; two (2) entrances from Simi Town Center Way along the South side of the subject property, one (1) entrance from Jefferson Way along the East Side of the subject property, and one (1) from First Street along the West side of the subject property.
PARKING ZONING Regional Commercial Center - Specific Plan (RCC - SP)
All parking is reciprocal throughout Simi Valley Town and Country Center. There are ±231 stalls within the Parcel (7.5 Stalls/1,000 SF).
TOPOGRAPHY The property sits slightly above grade level along Simi Town Center Way
YEAR BUILT STRUCTURAL ELEMENTS EXTERIOR
2005
Exterior Walls: Stucco Plaster Walls Exterior Windows: Glass in anodized aluminum faces Roof: Built up composition Roof: Mounted HVAC units (4-20 Ton; 2-71/2 Ton; 1-5 Ton) PARCEL MAP
SITE PLAN
FI RS T ST
SUBJECT
SIM
LEE & ASSOCIATES® - COMMERCE, INC.
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LEE & ASSOCIATES® - LA NORTH - CALABASAS, INC. | CORP ID 01191898
LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429
26050 Mureau Rd, Ste 101, Calabasas, CA 91302 • P: 818.223.4388
500 Citadel Dr, Ste 140, City of Commerce, CA 90040 • P: 323.720.8484
L E E - A S S O C I AT E S . C O M
30,624 SF RETAIL BUILDING FOR SALE PROPERTY FLOOR PLAN
1189 Simi Town Center Way, Simi Valley, California 93065
RAMPS
RECEIVING
RR
TELCOM ROOM
RR
BREAK ROOM
COMPUTER ROOM
TRAINING ROOM
COUNT ROOM OFFICE
VESTIBULE
N NOTE: Drawing not to scale. All measurements and sizes are approximate.
LEE & ASSOCIATES® - COMMERCE, INC.
LEE & ASSOCIATES® - LA NORTH - CALABASAS, INC. | CORP ID 01191898
LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429
26050 Mureau Rd, Ste 101, Calabasas, CA 91302 • P: 818.223.4388
500 Citadel Dr, Ste 140, City of Commerce, CA 90040 • P: 323.720.8484
L E E - A S S O C I AT E S . C O M
30,624 SF RETAIL BUILDING FOR SALE LOCATION AERIAL
1189 Simi Town Center Way, Simi Valley, California 93065
PORTER RANCH
CALABASAS
SIMI VALLEY
RO N
EA GA N
118
FW Y(
11 3,0 00
VP D)
E WY TER NT EN WN CE S MI TOW SI
AL DR
20 2017 017 DEMOGRAPHICS DEMOGRAPHIC CS Population Avg HH Income Avg Age
1 MILE
2 MILES
3 MILES
6,130
38,154
70,279
$107,634
$112,076
$117,227
34
37
38
LEE & ASSOCIATES® - COMMERCE, INC.
ST FIRST
LEE & ASSOCIATES® - LA NORTH - CALABASAS, INC. | CORP ID 01191898
LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429
26050 Mureau Rd, Ste 101, Calabasas, CA 91302 • P: 818.223.4388
500 Citadel Dr, Ste 140, City of Commerce, CA 90040 • P: 323.720.8484
D) 00 VP
(14,0
L E E - A S S O C I AT E S . C O M
30,624 SF RETAIL BUILDING FOR SALE LOCATION MAP
1189 Simi Town Center Way, Simi Valley, California 93065
118
118
LEE & ASSOCIATES® - COMMERCE, INC.
118
118
LEE & ASSOCIATES® - LA NORTH - CALABASAS, INC. | CORP ID 01191898
LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429
26050 Mureau Rd, Ste 101, Calabasas, CA 91302 • P: 818.223.4388
500 Citadel Dr, Ste 140, City of Commerce, CA 90040 • P: 323.720.8484
118
L E E - A S S O C I AT E S . C O M
30,624 SF RETAIL BUILDING FOR SALE REGIONAL MAP
1189 Simi Town Center Way, Simi Valley, California 93065
LEE & ASSOCIATES® - COMMERCE, INC.
LEE & ASSOCIATES® - LA NORTH - CALABASAS, INC. | CORP ID 01191898
LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429
26050 Mureau Rd, Ste 101, Calabasas, CA 91302 • P: 818.223.4388
500 Citadel Dr, Ste 140, City of Commerce, CA 90040 • P: 323.720.8484
L E E - A S S O C I AT E S . C O M
30,624 SF RETAIL BUILDING FOR SALE AREA OVERVIEW
1189 Simi Town Center Way, Simi Valley, California 93065
SIMI VALLEY Simi Valley is an incorporated city located in a valley of the same name in the southeast corner of Ventura County, California. Simi Valley borders the San Fernando Valley of Los Angeles, and is considered a part of the Greater Los Angeles Area. The City of Simi Valley is surrounded by the Santa Susana Mountain range and the Simi Hills, west of the San Fernando Valley and east of the Conejo Valley. It is largely a commuter bedroom community feeding the larger cities in Ventura County to the west and the Los Angeles area and the San Fernando Valley to the east. Simi Valley repeatedly wins awards as one of the Safest Cities in America. • Simi Valley is home to popular tourist attractions such as the Ronald Reagan Presidential Library & Museum, as well as first class golf courses including Wood Ranch Golf Club and Lost Canyons Golf Club. • Simi Valley is served by the Simi Valley Unified School District which consists of nineteen (19) elementary schools, three (3) middle schools, and four (4) high schools. • Simi Valley is serviced by Highway 118 which runs through the city and connects with State Highways 23, and 10, as well as Interstate 5, 405, and 210. 2015 Population
128,171
2020 Population
132,900
2010 Population
124,256
% Growth 2010-2015
3.2%
% Growth 2015-2020
3.7%
2015 Avg Age
39
Average Household Size
3
2015 Avg. Household Income
$102,947
LEE & ASSOCIATES® - COMMERCE, INC.
LEE & ASSOCIATES® - LA NORTH - CALABASAS, INC. | CORP ID 01191898
LEE & ASSOCIATES® - COMMERCE, INC. | CORP ID 01125429
26050 Mureau Rd, Ste 101, Calabasas, CA 91302 • P: 818.223.4388
500 Citadel Dr, Ste 140, City of Commerce, CA 90040 • P: 323.720.8484
L E E - A S S O C I AT E S . C O M
1189 Simi Town Center Way, Simi Valley, California 93065
SIMI TOWN C ENTER WY
WY 18 F 1 N ARTUKOVICH REAGA
(1 ST ST FIR
FOR MORE INFORMATION, PLEASE CONTACT ►
ANITA M.
D) 0 VP 0 0 , (113
LD ONA R
[email protected] Principal | LIC NO 0085158
00 4,0
323.767.2103 ) VPD
Lee & Associates®- Commerce, Inc. CORP ID 01125429
500 Citadel Dr, Ste 140, Commerce, CA 90040
P: 323.720.8484 | F: 323.720.8474 L E E -A S S O CI AT ES.CO M
LOCAL EXPERTISE . INTERNATIONAL REACH. WORLD CLASS.
The information has been furnished from sources which we deem reliable, but for which we assume no liability. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Buyers should consult with their independent advisors to determine if the property is suitable for their needs.
