Description

Colliers is pleased to present the opportunity to acquire the fee-simple interest in 2380 Conejo Spectrum, a 97,193-square-foot, two-story Class A building on a six-acre site in Thousand Oaks’ Conejo Spectrum innovation cluster. Delivered 100% vacant, the Property represents a rare opportunity for an owner-user to acquire a recently renovated, turnkey headquarters facility at a basis well below replacement cost.

Originally built in 2001 and comprehensively renovated in 2019, the building features 16’2” slab-to-slab ceiling heights, 100-pound floor live load capacity, large rectangular floor plates, M-1 zoning, and a 4/1,000 SF parking ratio. These physical attributes support a wide range of uses including office, R&D, life science, and flex. The Property is strategically positioned within one of Greater Los Angeles’ most established life science and corporate nodes, anchored by Amgen’s 2.9-million-square-foot global headquarters and its recently announced $600+ million Center for Science and Innovation expansion.

For an owner-user, the acquisition delivers compelling economics relative to leasing, while unlocking meaningful tax efficiency through bonus depreciation, long-term occupancy cost certainty, and full control over the asset. With no new office construction in the pipeline and continued removal of inventory through owner-user acquisitions and conversions, 2380 Conejo Spectrum is ideally suited for a corporate user seeking a long-term headquarters location.