For Sale: Wells Fargo Plaza in Newbury Park

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Overview

PRICE: $5,900,000

CAP RATE: 5.83%

BUILDING SIZE: 17,000 sf

COST PER SQUARE FOOT: $347.06

PROPERTY TYPE: Mixed-Use Office Over Retail

Highlights

  • Long-Term Tenant History
  • Wells Fargo as Anchor Tenant
  • High Traffic Count With Excellent Frontage
  • New Building in Prime Location
  • Excellent Parking

Property Description

SVN is proud to present Wells Fargo Plaza, located at 925 Broadbeck Drive in Newbury Park, California. Built in 2005, this 17,000 sf retail/office building is part of a collection of five retail properties that share a large parking lot. This two-story property is anchored by a Well Fargo Bank branch and features three retail tenants on the ground floor (8,500 sf), as well as multiple long-term office tenants upstairs.

Steel frame construction with recent improvements throughout, the building offers latest furnishings and upgrades in the common areas, restrooms and façade as well as extensive second floor office tenant improvements. New stonework throughout the building and façade make this property an easily recognized landmark with a pride of ownership. The property is conveniently accessible from the North and Southbound 101 Ventura Freeway. An excellent visibility from a busy street with high daily traffic count along with a beautifully landscaped generous parking lot, make this center an easy answer to the local lunch crowds.

Newbury Park is part of a Ventura County and is a prominent city in the Conejo Valley. It is famous for housing serious players in the tech and biotech world – Amgen, Baxter, and numerous others. The city is located approximately 35 miles from Downtown Los Angeles and is also less than 15 miles away Woodland Hills. Conejo Valley has been rated as one of the top 100 places in the country to have a business and/or home, according to the Money Magazine.

925 Broadbeck Drive is a must see and represents an excellent choice for 1031 Exchange buyers.

Location Description



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