University Shopping Center

Offering for Sale

409-427 E. Avenida de los Arboles | Thousand Oaks, CA 91360

EXCLUSIVE AGENT:

PAUL FORBAT

(805) 328-6348

paul@pcirealty.com

CAL BRE # 01097663

Offering for Sale

PCI Commercial Realty Group is pleased to offer for sale an 8,000 square-foot portion of

the University Shopping Center in Thousand Oaks, California. Situated between Trader

Joe’s and Rite Aid, this multi-tenant investment property is fully leased to Subway and well

established neighborhood restaurants and merchants. Adjacent buildings feature national

chain retailers including Unleashed by Petco, T-Mobile, Sonus Hearing Care Professionals

and Union 76. With favorable demographics, proximity to the 101 and 23 Freeways, and

Cal Lutheran University and Thousand Oaks High School located just minutes away, the

center stays busy and enjoys consistently high occupancy. The investment is ideally suited

for investors seeking stable income, minimal management, and potential for appreciation.

Offering Price $5,150,000

Net Operating Income $293,430

Cap Rate 5.7%

Occupancy 100%

Building Sq. Ft. 8,000

Parcel Sq. Ft. 35,062

Ownership Fee Simple

DISCLAIMER: All information in this Offering for Sale, although obtained from sources deemed reliable, is subject to errors and omissions and must be independently

verified. Agent makes no representation or warranty regarding any aspect of the property and/or its suitability for investment, and disclaims all liability therefor.

Investment Summary

NOTICE: The Offering for Sale is subject to an exclusive listing agreement with PCI Commercial Realty Group, CAL BRE 01888984. Copyright 2017. All rights reserved.

Unleashed by

P e t c o

T-Mobile

2016 Scheduled Base Rent $322,450

Management Allowance (4%) ($12,898)

Vacancy Allowance (5%) ($16,123)

2017 NOI (est.) $293,430

Offering Price $5,150,000

Cap Rate 5.7%

Building GLA 8,000

Shopping Center GLA 76,732

Year Built 1974

Zoning C1 (commercial)

Parcel No. 521-0-070-380

Municipality Thousand Oaks

County Ventura

Population 1 Mile 3 Mile 5 Mile

2017 Total Population: 16,132 68,069 148,243

2022 Projected Population: 16,490 69,689 151,890

Median Household Income: $106,074 $106,029 $104,250

INCOME & VALUE

DEMOGRAPHICS

SITE DATA

See Note 1

See Note 2

See Note 3

INVESTMENT SUMMARY NOTES:

1. Base rent is the annualized monthly net rent payable as

of October 1, 2017 pursuant to current leases (all NNN).

A current rent roll and lease copies will be included in

due diligence materials available to prospective buyers

who execute a confidentiality agreement.

2. Management allowance pertains only to operation of the

multi-tenant buildings for sale. Maintenance and man-

agement of the surrounding shopping center common

area (parking lot, landscaping) is separate per recorded

agreements and included in CAM charges to tenants.

3. Tenant occupancy is 100% as of October 1, 2017. For

valuation purposes only, a vacancy allowance is shown

but does not indicate or imply a potential vacancy.

DISCLAIMER: Agent makes no representation or warranty regarding

the property or its performance, without limitation including (a) its

financial condition, (b) its physical condition, including compliance

with applicable laws (e.g. zoning, building codes), (c) its suitability

for investment, (d) the future performance of the property, and/or

(e) the tax and/or legal consequences of the investment. Prospec-

tive buyers are solely responsible to conduct careful due diligence

and to obtain advice from legal, accounting and other professionals

as necessary to evaluate the suitability of the property for their

purposes. All information provided by Agent is intended for

verification by buyer and is subject to errors and omissions.

Trader Joe’s

Rite Aid

• Unleased by Petco

• T-Mobile

SUBJECT PROPERTY:

• Fresh Donuts

• TK Nail Salon

• Arboles Animal Clinic

• PJ’s Pub

• Subway

• Allegro Pizza

• Three Amigos

Mexican Restaurant

• Mail Center

• Prism Dental Group

• Brucar Lock & Safe

• Imperial Garden

Chinese Restaurant

• Barber Shop

• Laria Insurance

• Southwest

Liquor Store

• Diamond Cleaners

• Launderland

• Sonus Hearing

• Fibber McGee

Thrift Shop

Site Plan

NOTICE: Except for the subject property, the buildings and tenants depicted above are not a part of the offering

for sale and are intended for general information purposes only without representation or warranty.

Site plan is approximate only; all

information is subject to verification.

SUBJECT

Parcel Map

NOTICE: The parcel map shown is obtained from the County of Ventura Assessor’s Office and is intended for

general information purposes only without representation or warranty .

U n -

leashed by Petco T-Mobile S

UB

JEC

T

University Shopping Center

SUBJECT

Mo

orp

ark

Rd

.

NOTICE: Except for the subject property, the buildings and tenants pictured above are not a part of the offering

for sale and are intended for general information purposes only without representation or warranty.

Major Tenants

NOTICE: The buildings and tenants pictured above are not a part of the offering for sale and are intended for

general information purposes only without representation or warranty .

Unleashed by Petco T-Mobile

Moorpark

Oxnard

Santa Paula

Camarillo

Simi Valley

Newbury

Park

Ventura

Thousand

Oaks Westlake

Village

Agoura

Hills

Calabasas

Los

Angeles

Fillmore

Regional Map

Ventura County

Southern California

Property Location & Community

NOTICE: The Offering for Sale is subject to an exclusive listing agreement with PCI Commercial Realty Group, CAL BRE 01888984. Copyright 2017. All rights reserved.

Unleashed by Petco T-Mobile

PROPERTY LOCATION

Accessible to both Los Angeles and Ventura Counties via the 23 and

101 Freeways, the shopping center is well positioned in northern

Thousand Oaks near major community institutions, and away from

other supermarket/drug anchored centers.

• Cal Lutheran, a private university of over 4,100 students plus

faculty and staff, is just a half mile away. It is also home to the

Los Angeles Rams football team (in-season training facility).

• Several large senior-living communities are situated within a

mile, including University Village, The Reserve at Thousand

Oaks, and Belmont Village Senior Living.

• Nearby schools include Thousand Oaks High School, La Reina

High School (private), Conejo Valley Adult School and others.

• Los Robles Hospital & Medical Center is located 2 miles away.

• No competing neighborhood centers are located within a mile.

COMMUNITY

Thousand Oaks, a family-oriented community of 128,000, is home to

excellent schools, outstanding parks, and myriad shopping opportuni-

ties, including the largest auto mall in the nation, according to J.D.

Powers and Associates. Located in scenic Ventura County, just 12

miles inland from the Pacific Ocean, the City is surrounded by more

than 14,800 acres of natural open space with 75 miles of trails for

hiking, biking and walking. Another source of pride is the Thousand

Oaks Civic Arts Plaza, featuring world-class entertainment, musicals,

concerts, children’s shows, ballets and much more.

Incorporated in 1964, Thousand Oaks is a master planned community.

The City provides a wide range of services to residents including a

library, teen center, senior center, cultural center, quality infrastructure

and natural open space. The City has maintained a balanced budget

throughout its history due to conservative management.

Major employers in the greater Thousand Oaks area include:

• Amgen

• Anthem Blue Cross

• Baxter Healthcare

• Los Robles Hospital & Medical Center

Thousand Oaks is a premiere Southern California community with

family-friendly amenities. More than 40 years of achievements have

made Thousand Oaks one of the most sought-after places in California

to live, work and play. The City's well-deserved accolades include:

• Ranked #12 in 2015 by FBI for safety (lowest violent crime

rate) for US Cities with population of 100,000+

• Ranked #4 on Kiplinger's “10 Great Cities to Raise Your Kids”

(2012)

• Bicycling Magazine's Top 50 Bike-Friendly Cities in America

Community information is adapted from Conejo Valley Chamber of Commerce website.