1690 Universe Cir, Oxnard, CA 93033
34,000 SF | 41% Leased | Office Building | Oxnard, CA 93033 | $6,495,000 ($191/SF)
For Sale
Active
Asking Price $6,495,000
- Property Type
-
Office
- Square Feet
- 34,000 SF
- Price / Square Foot
- $191
Listing Contacts
Bill Kiefer
Property Overview
Delve into the broad spectrum of possibilities of this multifaceted sale or lease opportunity at 1690 Universe Circle.
The freestanding 34,000-square-foot commercial flex building is located on a valuable 2.2-acre lot at the corner of Emerson and Rose Avenue in central Ventura County. Most recently, it was the former Veterans Administration Medical Center, leading to a full renovation in 2016/2017. The entire ground floor with 20,000 SF is available. The original user was a trade school, followed by the VA Medical Clinic. This is an ideal opportunity for a move-in ready medical/professional office user or a flex user with only minimal tenant improvement needed.
1690 Universe Circle spans two stories connected by an elevator and stairs. The 20,000-square-foot first floor is fully built-out as a medical clinic with a large lobby/reception, an X-ray room, a conference room, IT area, a staff lounge, and private offices. The second floor is now leased to a long term tenant. When originally occupied for a trade school, 1690 Universe Circle included an expansive warehouse, opening up tremendous adaptive reuse capabilities.
Located in the Channel Islands Business Center, 1690 Universe Circle benefits from the corporate neighbors, amenity access, and arterial connectivity inherent to most master-planned professional campuses. In addition to those locational advantages, it is in a US Designated Opportunity Zone for possible tax benefits and has highly flexible MLPD zoning (Limited Manufacturing Planned Development).
Many high-profile corporations prefer this area, as Bayer, Waterway Plastics, Dignity Health, Ventura Behavioral Health, and Mercury Systems hold substantial office, medical, and flex presences within a three-mile radius. These organizations take advantage of the proximity to Santa Barbara, Thousand Oaks, Los Angeles, and Santa Clarita with a fraction of the congestion. The Oxnard submarket has promising fundamentals underpinning demand from tenants, while the greater Ventura County market as a whole saw weaker indicators. From Q4 2022 to Q4 2023, the office vacancy rate dropped by 4.2% and currently sits at the lowest figure since 2017 per CoStar, with projections calling for a continued decline in vacancy.
The freestanding 34,000-square-foot commercial flex building is located on a valuable 2.2-acre lot at the corner of Emerson and Rose Avenue in central Ventura County. Most recently, it was the former Veterans Administration Medical Center, leading to a full renovation in 2016/2017. The entire ground floor with 20,000 SF is available. The original user was a trade school, followed by the VA Medical Clinic. This is an ideal opportunity for a move-in ready medical/professional office user or a flex user with only minimal tenant improvement needed.
1690 Universe Circle spans two stories connected by an elevator and stairs. The 20,000-square-foot first floor is fully built-out as a medical clinic with a large lobby/reception, an X-ray room, a conference room, IT area, a staff lounge, and private offices. The second floor is now leased to a long term tenant. When originally occupied for a trade school, 1690 Universe Circle included an expansive warehouse, opening up tremendous adaptive reuse capabilities.
Located in the Channel Islands Business Center, 1690 Universe Circle benefits from the corporate neighbors, amenity access, and arterial connectivity inherent to most master-planned professional campuses. In addition to those locational advantages, it is in a US Designated Opportunity Zone for possible tax benefits and has highly flexible MLPD zoning (Limited Manufacturing Planned Development).
Many high-profile corporations prefer this area, as Bayer, Waterway Plastics, Dignity Health, Ventura Behavioral Health, and Mercury Systems hold substantial office, medical, and flex presences within a three-mile radius. These organizations take advantage of the proximity to Santa Barbara, Thousand Oaks, Los Angeles, and Santa Clarita with a fraction of the congestion. The Oxnard submarket has promising fundamentals underpinning demand from tenants, while the greater Ventura County market as a whole saw weaker indicators. From Q4 2022 to Q4 2023, the office vacancy rate dropped by 4.2% and currently sits at the lowest figure since 2017 per CoStar, with projections calling for a continued decline in vacancy.
Property Details
- Class
- B
- Year Built/Renovated
- 1986/2016
- Stories
- 2
- Property Subtype
- Medical, Manufacturing, R&D, Showroom
- Lot Size (sq. ft)
- 95,832 SF
Highlights
- 1690 Universe Circle is a 34,000-square-foot, two-story facility within the Channel Islands Business Center poised for flex, office, and medical use.
- Formerly occupied by Veterans Administration and in turnkey condition as a medical clinic. Also used as a trade school w/ high-clear warehouse area.
- Situated on a high visibility 2.2-acre corner lot with 135 parking spaces that receives exposure from more than 25,200 vehicles per day.
- In a US Opportunity Zone for possible tax incentives, this is a prime place of business w/ an average income of $107,512 within a 10-mile radius.
- Ideal for regional operations, 15 min to Ventura, Camarillo or two Navy Bases, 25 to Thousand Oaks, 45 to Santa Barbara and 1.5 hrs to Downtown LA.
- Price recently reduced by nearly $500,000. Motivated Owner. Also available for lease with turnkey improvements.
All available spaces
- Space
- 1st Floor
- Size
- 20,000 SF
- Condition
- Full Build-Out
- Space Subtype
- Relet
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