Executive Center of Simi Valley

For Sale $8,250,000
Property Type Office
Year Built 1978
Date Updated Mar 29, 2023
Website 1445la.com

Marcus & Millichap is pleased to present the opportunity to acquire 1445 LA Ave, a 41,907-square-foot highly desirable suburban office located in Simi Valley, California. The property benefits from its excellent Simi Valley location, walkable to local shopping centers, restaurants, and other amenities nearby. Currently operating at 92.4% occupancy, the building features a stable tenant roster that has been resistant to the new work-from-home COVID-19 environment.

New ownership of 1445 LA Ave will benefit from a tremendous opportunity to boost near-term returns. As tenants roll, the investor can increase the rentable square footage by 5,162 square feet by establishing a market load factor (BOMA measurement completed May-2021), and, in turn, add approximately $1.2 million in future value. Ownership will also be able to begin collecting market standard CAM reimbursements, totaling approximately $31,000 by Year 3.

The next owner of 1445 LA Ave will be acquiring a highly desirable suburban office building with an opportunity to boost near term returns and capitalize on the asset’s strong occupancy record in one of the most desired suburban locations across California.

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Location

Getting Around

Walk Score ®
70/100 Somewhat Walkable
Transit Score ®
29/100 Some Transit
Bike Score ®
75/100 Very Bikeable

Map
Street

City Simi Valley, CA
Zip Code 93065
Market Los Angeles

Points of Interest

Simi Valley

4.12 miles
Moorpark

6.37 miles
Chatsworth

9.70 miles
Piru

9.93 miles

Chevron

0.51 miles
Shell

1.40 miles
Chevron

1.68 miles
Arco

1.68 miles
Costco Gasoline

1.76 miles
Mobil

2.90 miles
Shell

3.38 miles
Conserv Fuel

4.58 miles
Chevron

6.13 miles
Arco

6.60 miles

Erringer Park And Ride

0.67 miles
Sycamore Dr Park And Ride

1.44 miles
Tapo Canyon Park And Ride

2.85 miles
bus parking

3.14 miles
Staff Parking

3.15 miles
Simi Valley Metrolink and Amtrak

4.12 miles
Stearns Park And Ride

4.35 miles
Moorpark College Park And Ride

4.49 miles
Rock Ridge Open Space Trail Head Parking

5.69 miles
Sandstone Hills Trail Parking

6.01 miles

Grand Vista Hotel

1.10 miles
Courtyard by Marriott Ventura Simi Valley

1.61 miles
Best Western Posada Royale Hotel & Suites

1.72 miles
Fairfield Inn & Suites Moorpark Ventura County

5.39 miles
Four Seasons Hotel

8.65 miles
Residence Inn

8.71 miles
Courtyard Mar

8.79 miles
Homewood Suites

8.79 miles
Hampton Inn & Suites Agoura Hills

8.85 miles
Sheraton Agoura Hills

8.93 miles

Taqueria Jalisco

0.18 miles
Indian Haweli

0.22 miles
Taco Bell

0.25 miles
Topper's Pizza Place

0.58 miles
El Pollo Loco

0.62 miles
Hai Sushi

0.62 miles
Thai Noodles

0.64 miles
Pizza Hut

0.64 miles
Black Bear Diner

0.64 miles
Great Central Steak & Hoagie

0.65 miles

Sunrise Preschool

0.15 miles
Park View Elementary School

0.23 miles
Tiny Tot Preschool

0.27 miles
Saint Rose of Lima Elementary School

0.58 miles
Justin Elementary School

0.69 miles
Royal High School

0.70 miles
Berylwood Elementary School

0.81 miles
Arcane School

0.85 miles
Vista School

1.09 miles
Walnut Grove School

1.10 miles

KinderCare Thousand Oaks

6.17 miles
Penny & Peggy Nairn 24 Hour Childcare

9.71 miles

Contacts

James DeBuiser

Marcus & Millichap

(805) 351-7144

Gary Cohen

Marcus & Millichap

(805) 351-7143

Brad Peters

IPA

(858) 373-3227

Highlights

Premium Simi Location with Walkable Amenities
Post Covid-19 Desirable Boutique Suburban Office
92.4% Occupied with Strong Historical Occupancy
Small Footprint Suites Match Market Demand
Stable Tenancy Resistant to Work From Home
Significant Reduction of Office Supply in Simi Valley

Frequently Asked Questions

What is the total square footage of Executive Center of Simi Valley?

Executive Center of Simi Valley totals 40,988 square feet.

When was this property built?

Executive Center of Simi Valley was built in 1978.

Tax

Property Tax in 2022-2023 $51,529
Market Value* $4,736,141
Assessed Value $4,736,141

Find more tax info, including assessment history and abatements, on CommercialEdge.

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

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