165-275 Moorpark Rd, Thousand Oaks, CA 91360

* Unique Mixed-Use Opportunity – Janss Marketplace presents a unique opportunity to invest in an asset with high in-place cash flow, a diverse set of major and national tenants, significant upside via leasing (86% occupancy), and unmatched redevelopment potential with institutional quality sponsorship. The property benefits from a recently passed General Plan Amendment which allows for up to 977 multi-family units* to be constructed at Janss Marketplace and expects a Specific Plan by mid-2024. *The number of units includes a density bonus and could increase with expanded allocation for affordable housing.

* Trophy Asset – Janss Marketplace presents an investor an uncommon opportunity to acquire one of Thousand Oaks’ most significant retail assets at a fraction of its land-inclusive replacement cost.

* One of a Kind Outdoor Shopping Destination – Operating since 1961, Janss Marketplace is the prominent open-air retail, dining, and entertainment location in Thousand Oaks.

* Janss Marketplace boasts national credit tenants ALDI, Regal Cinemas, Gold’s Gym, Old Navy, Petco, ULTA, Sky Zone Trampoline Park, Five Below, DXL, Panera Bread, Dave & Busters (NAP), DSW (NAP) and Nordstrom Rack (NAP) as anchors, alongside other credit tenants California Fish Grill (NAP), Starbucks (NAP), USPS, Mattress Firm, Cold Stone, and Buca di Beppo. Not-a-part, a 216-room dual-branded Hilton hotel development is approved, construction commencing mid-2025.

* Massive Owned Parking Structure – Janss Marketplace includes a 1,361-stall parking structure, subject to the lease with the City of Thousand Oaks, and subject to use by the former Burlington building and hotel development. CBRE estimates the structure would cost approximately $75,000,000 ($55,000 per stall, land inclusive) to replace. The structure provides parking for myriad future uses at the project including the addition of multi-family units to the project.

* Significant Residential Conversion Opportunity – Plans are underway to convert the center into a mixed-use center, optimizing the site plan, increasing rents, and converting portions of the center into residential with ground-floor retail.

* Tremendous Income Growth – Through lease-up of vacant space, embedded increases, and below-market rents rolling to market, the NOI is projected to increase more than $2,726,000 (44%) producing a 3.7% CAGR over the anticipated 10-year hold period.