FOR SALE | Just Listed | Retail Strip Center
2311-2381 Tapo Street Simi Valley, CA 93063

SVN is proud to present Tapo Oaks Center

A collection of three retail buildings located at 2311-2381 Tapo Street in Simi
Valley. This 25,990-square-foot shopping center sits on 103,922 square feet (2.39 acres) of land, with the three buildings creating an L-shaped figure, and is shadow-anchored by McDonald’s. The property is located south of the major intersection of Tapo and Cochran Streets and benefits from the high count traffic of these major Simi Valley roads.

JUST LISTED: ELMWOOD CENTER

1673-1709 E. Highland Ave. San Bernardino, CA 92404

Sperry Van Ness has been exclusively retained to represent the sale of Elmwood Center.

Elmwood Center is a 23,423 SF multi-tenant retail center located on Highland Avenue in northeast San Bernardino, CA. Located in California’s Inland Empire, San Bernardino is part of one of the fastest-growing metropolitan areas in the country. The retail center is comprised of 2 buildings located on 1.293 acres of land. The project is offered at a price of $2,795,000 ($119/SF) which equates to a projected 8.70% CAP rate. The project offers the investor an opportunity to purchase a well located strip center with strong potential for rental growth.

Long Term Tenants

National Anchor Tenants

New Lights & Signage

Great Visibility - Surrounded by National & Regional Centers

Current 8.48% CAP Rate

Seller has put in approximately $300,000 in Capital Improvements into the center

On Highland - One of the busiest boulevards in San Bernardino

94% Occupied

Southern California’s Inland Empire, which consists of Riverside and San Bernardino Counties, is one of the fastest-growing metropolitan areas in the country. Its population of over 3.7 million residents is more than 20 states, and increases by a steady rate of nearly 3% on a yearly basis. The Southern California Association of Governments predicts that the Inland Empire will add an additional 1.56 million people in the next 15 years.

Dan Newman
818-876-9619
Dan.Newman@svn.com
BRE# 01304677

This Marketing Brochure has been prepared to provide summary, unverified, information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. SVN has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contamination substances, PCB’s mold or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, SVN has not verified, and will not verify, any of the information contained herein, nor has SVN conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein.