Northstar Plaza
Address
1321-1345 East Thousand Oaks Blvd., Thousand Oaks, CA 91362
1321-1345 East Thousand Oaks Blvd., Thousand Oaks, CA 91362
Type
Mixed Use
Mixed Use
Investment Highlights
- Attractive and Assumable Financing
- Anchored by a free-standing restaurant and several long-term retail tenants, the asset has a well-established presence in the market-place
- Excellent freeway access to the US Highway 101
- 90% leased with mitigated risk due to mixed-use of office and retail
- Historically high retention ratio along with exceptionally low tenant improvements
The Offering
The Property consists of seven (7) buildings with four (4) two-story office buildings and three (3) single-story retail buildings. The buildings were originally constructed in 1978 and contain approximately 59,015 square feet situated on 5.24 acres. The buildings are wood frame construction on concrete slab with ceramic lightweight tile mansard and a built-up composition roof system. There are approximately 295 parking spaces available in the parking lot providing a highly sought after five-to-one parking ratio.
The mixed retail and office use of the Property creates a steady daily traffic flow. Anchored by a free-standing restaurant and several long-term retail tenants, the Property has a well-established presence in the marketplace. The office buildings are served by an elevator and four stairwells, allowing easy access to the parking areas. The Property also boasts beautiful landscaping throughout the grounds.
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