883 Patriot Drive, Suite A | Moorpark
Status: For Sale
Property Type: Flex Creative Office Condo
Cap Rate: 6.46%
Owner-User or Investment Opportunity
Marcus & Millichap, as exclusive advisor, is pleased to present the opportunity to acquire 883 Patriot Drive, Suite A, in Moorpark, CA (the Property). Built in 2009, this best-in-class flex condo is situated within Building G of the Patriot Commerce Center, a Class A business park in Moorpark. Centrally located along Los Angeles Avenue, one of the citys major thoroughfares, the Property benefits from attractive architecture, numerous walkable amenities, and easy access to the Ronald Reagan (118), Moorpark (23), and Ventura (101) Freeways.
The Property is currently 100% leased to two tenants - publicly traded 2K Games and Journeys Counseling Center. Both tenants leases expire in approximately one year, allowing an investor to lease the entire space to 2K Games on a long term basis. Additionally, an owner-user may occupy all or a portion of the building within the first year, allowing prospective buyers to obtain attractive SBA financing.