2230 Statham Boulevard | Oxnard, CA
Status: For Sale
Property Type: Industrial
Square Feet: 94,050
Cap Rate: 5.0%
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire the fee-simple interest in 2230 Statham Boulevard (“the Property”), located in the populous Southern California city of Oxnard. The Property is strategically located within a densely populated, in-fill location, along the major transportation routes connecting the 101 Freeway, Naval Base Ventura County, and the Port of Hueneme, the only deep water port between Los Angeles and San Francisco. Built in 1987, the 94,050 square foot property is situated on 7.10 acres of M-L zoned land along the main thoroughfare of Oxnard Boulevard (Highway 1).
The Property offers the unique opportunity for an owner-user to acquire a large, well-located industrial building with excess land and in-place rental income, or a developer the opportunity to redevelop the site into a larger project or different use. Additionally, a value-add investor can take advantage of below market rents and under market occupancy. 2230 Statham Boulevard is priced well below replacement cost at just $90 per square foot.