2080 Newbury RdThousand Oaks, CA 91320

Property Details for 2080 Newbury Rd

Lot size

4.23 AC

Property size (Sq ft)

27,433 SF

Zone code

C3

Property type

Retail properties

Property subtype

Super regional malls

APN

658-0-110-060

APU

6580110060

Description

This exceptional 117,527 square foot shopping center in Ventura County offers 23 available spaces ranging from 80 to 4,130 square feet, perfect for retail, restaurant, and office uses. Anchored by Smart & Final and CVS, this center boasts freeway visibility and ample on-site parking. Its prime Newbury Park location benefits from a significant daytime population, driven by the nearby Amgen Bio-Medical facility, which employs approximately 5,000 workers, representing 8.5% of the city's total employment. The surrounding area is exceptionally affluent, with average annual household incomes exceeding $140,000 within a two-mile radius. Numerous national retailers are located in the immediate vicinity. Available spaces include end-cap and improved restaurant spaces, ranging from approximately 1,313 to 5,277 square feet. This property presents a unique opportunity to capitalize on a high-traffic, high-income demographic in a thriving commercial area. The property's strategic location and strong tenant mix make it an ideal investment for businesses seeking high visibility and a robust customer base.

• CAP approach

  CAP return

  Valuation

  6%

  $12,268,349

  6.5%

  $11,324,630

  7%

  $10,515,728

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,145,981

  Geo Method

  $13,145,981

• Alternative Use

  Use

  Valuation

  Residential

  $9,552,749

  Hospitality

  $8,750,267

  Educational

  $7,280,120

  Medical

  $7,530,494

  Retail

  $11,324,630

Location Insight

City

Thousand Oaks

County

Ventura

State

California

Latitude

34.1828

Longitude

-118.924

CBSA code

37100

CBSA name

OXNARD-THOUSAND OAKS-VENTURA, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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