1792 Callens Road | Ventura

Status: For Sale
Property Type: Value-Add Multi-Tenant Industrial Investment
Price: $1,900,000
Building Area: 11,534 SF
Rent Upside: 515
Occupancy: 100%

Investment Opportunity

Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 1792 Callens Road (“the Property”, a 11,534 square foot multi-tenant building property in the coastal city of Ventura, CA. The Property is 100% leased to four tenants whose in-place rents are 39% below market, providing an excellent value-add opportunity with immediate upside potential. 1792 Callens is well located near the 101 Freeway in the highly sought after West Ventura County industrial submarket. The area benefits from supply constraints, an attractive costs basis compared to surrounding Los Angeles and Santa Barbara Counties, and a 2.7% direct vacancy rate, one of the lowest in Southern California.