for sale $655,000 | 5,460 sf€¦ · market demographics table of contents daum commercial real...

D/AQ Corp. #01129558. Maps Courtesy ©Google & ©Microsoft. Although all information is furnished regarding for sale, rental or financing is from sourc-es deemed reliable, such information has not been verified and no express representation is made nor is any to be implied as to the accuracy there-of, and it is submitted subject to errors, omissions, changes of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

ONCOR INTERNATIONAL | www.daumcommercial.com

CONTACT EXCLUSIVE LISTING AGENT FOR MORE INFORMATION:MICHAEL WURTZELP: 805.384.8843 | E: [email protected] License #01916821

FOR SALE $655,000 | 5,460 SF MULTI-TENANT OFFICE BUILDING EXCELLENT VISIBILITY AND FRONTAGE ON A STREET

DAUM - CAMARILLO751 E. Daily Drive Suite 105Camarillo, CA 93010

IDEAL FOR OWNER / USER OPPORTUNITY OR TO ROUND OUT LARGER 1031 EXCHANGE

2

2 EXECUTIVE SUMMARY

3 PROPERTY

DESCRIPTION

4 PROPERTY

AERIAL VIEW

5 INVESTMENTSUMMARY

6 SBA LOANSCENARIO

7 MARKET

DEMOGRAPHICS

TABLE OF CONTENTS

DAUM COMMERCIAL REAL ESTATE is pleased to present this excellent opportunity for an Owner / User to acquire a free-standing multi-tenant building with revenue. The total rentable area is approximately 5,460 SF with a total land area of approximately .32 acres (14,000 SF), the property is zoned C-O PD (Commercial Office, Planned Development).

There are total of three (3) individual units with separately metered electrical, currently there are two (2) tenants each occupying an 800 SF suite.

Owner / User space is approximately 3,860 SF.

PURCHASE PRICE: $655,000

The primary space has 3-Offices, a conference room, open bull pen area ideal for a collaborative open work environment with lots of natural light, reception area, kitchen area, mail room and 2 restrooms.

Each 800 SF suite has its own restroom and each tenant handles their own janitorial.

The property has had excellent tenant retention with historically low vacancy.

The property has 19 parking spaces. Additionally, there are 2-hour non-metered angled street parking spaces in front.

The location is central to all of Oxnard, and is minutes to The Collection, 101 Freeway, Beaches, Ventura, Camarillo and Metrolink Rail.

The property has been well managed with regular maintenance performed including landscaping and HVAC. The property is in good condition overall.

The property features great curb appeal, attractive glass lines and flexibility in unit sizes and combinations including the possibility of combining the tenant units for future expansion.

The property offers good potential to an owner / user looking to control their capital expenditures by owning their own building with revenue to offset their expenses.

EXECUTIVE SUMMARY

EXEC

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SUM

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3

• Amenities – Excellent Visibility and Frontage on A St.

• Well Maintained Building

• Frontier FIOS

• Good On-Site Parking, 3.5/1,000, 19 Parking Spaces.

• Angled Street Parking in Front

• Central to Mandalay Beach, The Collection, Riverpark, Esplanade, New Wagon Wheel Development and Local Wineries

• Minutes to 101 Freeway, Ventura, Camarillo

• PURCHASE PRICE: $655,000 ($119.96 SF)

PROPERTY DETAILS PROPERTY SITE PLAN

PRO

PERT

Y D

ESC

RIPT

ION

OFFICE BUILDING TYPE

3.5/1,000 PARKING RATIO

± 5,460 SF BUILDING SIZE

± 3,860 SF 411 N A STREET OWNER /USER SPACE

± 800 SF 415 N A STREET

± 800 SF 421 N A STREET

OFFICE

BA BA

OFFICE

OPEN BULLPENAREA

UNIT A

UNIT B UNIT C

LUNCH ROOMOPEN PARKING

CO

NFEREN

CE RO

OM

OFFIC

E

OFFIC

EO

FFICE

OFFICE

OFFICE OFFICE

BABA

IDEAL BUSINESSES INCLUDE:

• Real Estate• Insurance• Legal• Accounting / CPA• Advertising / Marketing• Sales

• App / Website Development / Tech Related

• Medical / Dental• Outpatient Addiction

Treatment • Adult Day Care

• Child Care• Residential Care Facility• Church• Mortuary• Office Condos

4

PRO

PERT

Y A

ERIA

L

Camino Del Sol

Gonzales Rd

Vine

yard

Ave

Oxnard Blvd

N A St

Rose Ave

3rd St

Marketplace at Oxnard

Shopping At the Rose

The Collection Riverpark

Esplanade Shopping

Center

Procter & Gamble Paper Products

Seminis Inc.

Waterway Plastics

Boskovich Farms, Inc.

HAASAutomation

St. John’s Regional Medical Center

Rose Ranch Shopping

Center

Rice Ave

Oxnard Transit Center

N A

Str

ee

t

5

INVESTMENT SUMMARY

Building SF: 5,460

Purchase Price: $655,000

Price PSF: $119.96

REVENUE SF $/SF/Mo Proforma

Owner/User 3,860 $0.00 $0

Hair Salon 800 $1.00 $9,600

Safeguard 800 $1.25 $12,000

Parking Income 3 Spaces $150.00 $1,800

TOTAL GROSS REVENUE $0.36 $23,400

OPERATING EXPENSES

Property Taxes 1.24% $8,129

Insurance $2,168

Water, Sewage, Trash $2,856

Landscaping $1,920

TOTAL OPERATING EXPENSES $15,073

NET OPERATING INCOME $8,327

DEBT SERVICE Interest % Monthly Annually

SBA 7(a) Loan (10/25) 5.25% $3,553 $42,396

SBA 7(a) Loan (25/25) 5.50% $3,620 $43,440

COST TO OWN $/SF Monthly Annually

With (10/25) Loan ($0.74) ($2,839) ($34,069)

With (25/25) Loan ($0.76) ($2,926) ($35,113)

INV

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SUM

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SBA

LO

AN

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10

SBA 7 (A) LOAN SCENARIO (10/25)


Improvements: $0

Project amount: $895,000

Loan amount: $805,500

Amortized over: 25 yrs

Due In: 10 yrs

SBA 7(a) interest rate:45 Day Rate lock at time of commitment

5.000% Fixed

MONTHLY PAYMENT: $4,709Cash Down Payment 10% $89,500

ESTIMATED COST SUMMARY

SBA 7(a):

Guaranty Fee (Can be Financed) $20,138

Other Fees/Credits $0

Packaging Fee waived

OUT OF POCKET COSTS*

Title and Insurance (est.) $761

Escrow Fee (est.) $1,500

Appraisal / Review (est.) $2,500

Environmental / Review (est.) $2,000

Recording Fee (est.) $250

**MISC. (est.) $250

WFB Packaging Fee Reduced to = $0

TOTAL FEES: $27,398



Improvements: $0

Project amount: $895,000

Loan amount: $805,500

Amortized over: 25 yrs

Due In: 25 yrs


5.250% Fixed

MONTHLY PAYMENT: $4,827 Cash Down Payment 10% $89,500


SBA 7(a):Guaranty Fee (Can be Financed) $20,138

Other Fees/Credits $0

Packaging Fee waived

OUT OF POCKET COSTS*

Title and Insurance (est.) $761

Escrow Fee (est.) $1,500

Appraisal / Review (est.) $2,500

Environmental / Review (est.) $2,000

Recording Fee (est.) $250

**MISC. (est.) $250

WFB Packaging Fee Reduced to = $0

Fee for the WFB 1st reduced to $0

TOTAL FEES: $27,398• 10% Down Payment• • 25 Years Amortization• Close in 30-45 days

• Limited Prepayment Penalty-1st 3 years only (5%, 3%, 1%)

• Additional collateral may apply

• 10% Down Payment• • 20 Years Amortization• Close in 45-90 days

• 10 year Prepayment Penalties Apply on SBA portion

• 504 rate is an estimate and does not lock until debenture funding

• All rates, terms and conditions are subject to approval and can change based on market conditions and without notice•

Purchase Price: $655,000 Purchase Price: $655,000

Improvements: $0 Improvements: $0

Project amount: $655,000 Project amount: $655,000

Loan amount: $589,500 Loan amount: $589,500

Amortized over: 25 yrs Amortized over: 25 yrs

Due In: 10 yrs Due In: 25 yrs*Interest rate is fixed for entire 25 year loan term


5.250% Fixed SBA 7(a) interest rate:45 Day Rate lock at time of commitment

5.500% Fixed

MONTHLY PAYMENT: $3,533 MONTHLY PAYMENT: $3,620Cash Down Payment 10% $65,500 Cash Down Payment 10% $65,500

SBA 7(a): SBA 7(a):

Guaranty Fee (Can be Financed) $14,738 Guaranty Fee (Can be Financed) $14,738

Other Fees/Credits $0 Other Fees/Credits $0

Packaging Fee waived Packaging Fee waived

OUT OF POCKET COSTS* OUT OF POCKET COSTS*

Title and Insurance (est.) $557 Title and Insurance (est.) $557

Escrow Fee (est.) $1,500 Escrow Fee (est.) $1,500

Appraisal / Review (est.) $2,500 Appraisal / Review (est.) $2,500

Environmental / Review (est.) $2,500 Environmental / Review (est.) $2,000

Recording Fee (est.) $250 Recording Fee (est.) $250

**MISC. (est.) $250 **MISC. (est.) $250

WFB Packaging Fee Reduced to = $0 WFB Packaging Fee Reduced to = $0

TOTAL FEES: $21,794 Fee for the WFB 1st reduced to $0TOTAL FEES: $27,398

• 10% Down Payment • Limited Prepayment Penalty-1st 3 • 10% Down Payment • 10 year Prepayment Penalties Apply on SBA portion

• Fees Can be financed years only (5%, 3%, 1%) • Fees Can be financed • 504 rate is an estimate and does not

• 25 Years Amortization • Additional collateral may apply • 20 Years Amortization lock until debenture funding

• Close in 30-45 days • Close in 45-90 days

• All rates, terms and conditions are subject to approval and can change based on market conditions and without notice 10

• Other options are available and should be discussed with your Commercial Loan Officer


*Interest rate is fixed for 10 years. Then adjustable based on Prime




Purchase Price: $655,000 Purchase Price: $655,000

Improvements: $0 Improvements: $0

Project amount: $655,000 Project amount: $655,000

Loan amount: $589,500 Loan amount: $589,500

Amortized over: 25 yrs Amortized over: 25 yrs

Due In: 10 yrs Due In: 25 yrs*Interest rate is fixed for entire 25 year loan term


5.250% Fixed SBA 7(a) interest rate:45 Day Rate lock at time of commitment

5.500% Fixed

MONTHLY PAYMENT: $3,533 MONTHLY PAYMENT: $3,620Cash Down Payment 10% $65,500 Cash Down Payment 10% $65,500

SBA 7(a): SBA 7(a):

Guaranty Fee (Can be Financed) $14,738 Guaranty Fee (Can be Financed) $14,738

Other Fees/Credits $0 Other Fees/Credits $0

Packaging Fee waived Packaging Fee waived

OUT OF POCKET COSTS* OUT OF POCKET COSTS*

Title and Insurance (est.) $557 Title and Insurance (est.) $557

Escrow Fee (est.) $1,500 Escrow Fee (est.) $1,500

Appraisal / Review (est.) $2,500 Appraisal / Review (est.) $2,500

Environmental / Review (est.) $2,500 Environmental / Review (est.) $2,000

Recording Fee (est.) $250 Recording Fee (est.) $250

**MISC. (est.) $250 **MISC. (est.) $250

WFB Packaging Fee Reduced to = $0 WFB Packaging Fee Reduced to = $0

TOTAL FEES: $21,794 Fee for the WFB 1st reduced to $0TOTAL FEES: $27,398

• 10% Down Payment • Limited Prepayment Penalty-1st 3 • 10% Down Payment • 10 year Prepayment Penalties Apply on SBA portion

• Fees Can be financed years only (5%, 3%, 1%) • Fees Can be financed • 504 rate is an estimate and does not

• 25 Years Amortization • Additional collateral may apply • 20 Years Amortization lock until debenture funding

• Close in 30-45 days • Close in 45-90 days

• All rates, terms and conditions are subject to approval and can change based on market conditions and without notice 10

• Other options are available and should be discussed with your Commercial Loan Officer


*Interest rate is fixed for 10 years. Then adjustable based on Prime




7

MA

RKET

DEM

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ICSDEMOGRAPHICS 3 Mile 5 Miles 10 Miles

Population:2010 Census 175,156 270,036 401,5512018 Estimate 181,014 282,708 420,3952023 Projection 184,112 288,200 428,560Growth 2010-2018 3.34% 4.69% 4.69%Growth 2018-2023 1.71% 1.94% 1.94%

Households:2010 Census 44,069 73,648 122,6122018 Estimate 45,615 77,749 128,7052023 Projection 46,416 79,387 131,285Growth 2010 - 2018 3.51% 5.57% 4.97%Growth 2018 - 2023 1.76% 2.11% 2.00%Owner Occupied 56% 55% 57%Renter Occupied 44% 45% 43%

2018 Avg Household Income $79,569 $81,853 $89,541 2018 Med Household Income $63,179 $65,135 $70,045

2018 % of Households by Household Inc:<$25,000 16% 15% 15%$25,000 - $50,000 22% 21% 20%$50,000 - $75,000 21% 21% 19%$75,000 - $100,000 14% 14% 14%$100,000 - $125,000 12% 12% 12%$125,000 - $150,000 6% 5% 6%$150,000 - $200,000 6% 6% 8%$200,000+ 4% 5% 7%

MARKET CONDITIONS

POPULATION:2018

3 MILE RADIUS

181,014 5 MILE RADIUS

282,708 10 MILE RADIUS

401,551

POP. GROWTH:2018-2023

1 MILE RADIUS

1.61%3 MILE RADIUS

1.94% 10 MILE RADIUS

1.94%

POPULATION DEMOGRAPHICS

Oxnard Airport10 min 2.8 mi

Camarillo Airport15 min 6.8 mi

LAX Airport 120 min 58.1 mi

LOCATION MAPTRAFFIC COUNTCollection St. Cross St. Traffic Vol. Year DistanceN Oxnard Blvd Palm Dr 40,100 2017 0.11

N C St Palm Dr 10,200 2017 0.14

Doris Ave Carty Dr 5,600 2017 0.25

W 2nd St S B St 4,700 2017 0.31

W 3rd St S Oxnard Blvd 13,000 2017 0.39

N Oxnard Blvd W Robert Ave 38,000 2017 0.43

W 2nd St S E St 4,000 2017 0.44

S Oxnard Blvd W 4th St 33,500 2017 0.46

N H St Palm Dr 8,500 2017 0.52

N C St Fernwood Dr 19,200 2017 0.53

for sale $655,000 | 5,460 sf€¦ · market demographics table of contents daum commercial real...

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