Description

3941 Spring Road is a retail property for sale at 3941 Spring Rd in Moorpark, CA. Its 16,730 SF of gross leasable area is offered within a 3.18-acre site, giving buyers a clearly defined building and land position.

Built in 1999, the Property has 112 parking spaces and surface parking. That parking provision matters to retail users whose customers arrive by car, while the 3.18-acre site gives a buyer land as well as the retail building. Traffic is measured at 30,728 AADT, a meaningful figure for a buyer weighing the property's retail position. The full 16,730 SF is identified as available space and as the maximum contiguous area, allowing a buyer to consider the building as a single space rather than assemble an area from separate suites.

The asking price is $5,500,000, or $328.75 PSF, with an acreage price of $1,729,559 per acre. Those figures let a buyer examine the acquisition from both a building-area and land-area perspective. For an owner-user, the contiguous space and parking bring the physical requirements of a retail operation into focus. For an investor, the building, site and measured traffic provide the basis for judging how the Property fits an acquisition strategy. The opportunity is to acquire a retail property whose entire gross leasable area is on offer.