883 Patriot Drive C # C,D,E Moorpark, CA ^$ 7,200,000

883 Patriot Drive C # C,D,E

^$ 7,200,000

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883 Patriot Drive C # C,D,E

Moorpark, CA, 93021

^$ 7,200,000

Studio Baths0.0 Sq 11,594

Monthly Estimate*

^$ 50,294

Listed by MacroReal Inv Grp Inc.

883 Patriot Drive C # C,D,E, Moorpark, CA 93021 - Image 1

883 Patriot Drive C # C,D,E, Moorpark, CA 93021 - Image 2

883 Patriot Drive C # C,D,E, Moorpark, CA 93021 - Image 3

883 Patriot Drive C # C,D,E, Moorpark, CA 93021 - Image 4

883 Patriot Drive C # C,D,E, Moorpark, CA 93021 - Image 5

Studio

Commercial Property for sale in Moorpark, CA

for $7,200,000. This 11,594 square foot building was built in 2009 on a lot size of 1.65.

*** $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.

Commercial Active

Price

^$ 7,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

Office

Lot Size

1.65

Year Built

2009

Town/City

Moorpark

County/Region

Ventura

MLS | Web ID

TR23034573

Days on Market

424

Features

Exterior

Lot Features CulDeSac

Water Source Public

Lot Size Area 1.65

Spa N

Building Area Total 11594.0

Lot Size Acres 1.65

Lot Size Units Acres

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

General

Year Built 2009

Unit Number C D E

Property SubType Office

Business Type Medical

Additional Parcels Description 5120460075

County Ventura

Net Operating Income 406879.44

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions South of FWY 118

City Moorpark

View Y/N N

Senior Community Y/N N

MLS Area SMP - South Moorpark

Lot Size Square Feet 71874.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Patriot

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N Y

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 390

Building Area Units SquareFeet

Standard Status Active

Occupancy Description Owner

Year Built Source Assessor

Property Sub Type Additional Office

Cap Rate 5.65

Interior

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Drive

Laundry Features None

Electric On Property Y/N N

Internal Only

Street Number 1 883

* Excluded Features

List By

Macroreal Inv Grp Inc.

Broker

(626) 898-5868

Phone

Affordability Calculator

$50,294

Per Month

Monthly Principal & Interest: $50,294
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Moorpark, CA

Average List Price ^$6,715,000

Percent of Sale Price 7%

About Moorpark, CA

36,255 Population

16% Since 2002

^$100,827 Median Income

36.82 Median Age

36% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/26/2023	$7,200,000	-4.45%	Price Down
3/2/2023	$7,535,000		Listed Price

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883 Patriot Drive C # C,D,E, Moorpark, CA, 93021 is a Commercial Property for sale at $7,200,000 with 11,594 sqft and a lot size of 1.65. 883 Patriot Drive C # C,D,E is a studio with 0.0 baths and was built in 2009. The property's zip code is 93021 which is in Moorpark, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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883 Patriot Drive C # C,D,E

Commercial Property for sale in Moorpark, CA

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