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Moorpark, CA 93021 883 Patriot Drive C # C,D,E

$7,200,000

883 Patriot Drive C # C,D,E Moorpark, Ca - Image 1883 Patriot Drive C # C,D,E Moorpark, Ca - Image 2883 Patriot Drive C # C,D,E Moorpark, Ca - Image 3
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883 Patriot Drive C # C,D,E Moorpark, Ca - Image 4
Presented By: Grady Liu with MacroReal Inv Grp Inc.; gradyl@macroreal.com
  • MLS# TR23034573
  • 03/01/2023
  • Request Tour
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  • FootageSQFT • 11,594

Home Details

*** $335,000 REDUCTION ON PRICE*** 5.65% CAP RATE***The sale of this property is only subject to Condo units C,D,E. This is a recession resistant investment and a rare opportunity to purchase Three (3) retail condo units 100% occuiped by DaVita. Original lease 15 years from November 2012 with (2) Five-Year Options to renew at FMV. (High Income Demographics) With a 5-mile radius with Average Household Income is over $146,000; (Dialysis Demend) Within 5-mile radius, expecting over 11% growing population in the age group from 65 to 84 by 2027. (Affordability) Within 5-mile radius, Age 55-74 population with average household income of approximate $150,000.
Presented By: Grady Liu with MacroReal Inv Grp Inc.; gradyl@macroreal.com

Interior Features for 883 Patriot Drive C # C,D,E

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Street SuffixDrive

General for 883 Patriot Drive C # C,D,E

Additional Parcels Description5120460075
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Business TypeMedical
Cap Rate5.65
Carport Y/NNo
CityMoorpark
CountyVentura
Days on Market390
DirectionsSouth of FWY 118
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet71874.0
MLS AreaSMP - South Moorpark
MobileHomeRemainsYNNo
Net Operating Income406879.44
New ConstructionNo
Occupancy DescriptionOwner
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalOffice
Property SubTypeOffice
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NamePatriot
Unit NumberC, D, E
View Y/NNo
Waterfront Y/NNo
Year Built2009
Year Built SourceAssessor

Exterior for 883 Patriot Drive C # C,D,E

Building Area Total11594.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesCulDeSac
Lot Size Acres1.65
Lot Size Area1.65
Lot Size SourceAssessor
Lot Size UnitsAcres
Open Parking Y/NNo
SpaNo
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $7,200,000
MLS#TR23034573
List Date 03/01/2023
Property Type Commercial
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors