The property provides investors with stable, predictable income through January 31, 2027, while offering outstanding underlying real
estate fundamentals. Positioned in the heart of one of Simi Valley’s most active commercial corridors, the asset features ample shared
parking with a total of 379 parking spaces (3.64 spaces per 1,000 SF), exceptional visibility, and multiple future pathways, including a value-
add reposition opportunity or unique owner-user opportunity upon lease expiration.
Since 1986, DIY Home Center has maintained a nearly four-decade presence at this location, highlighting the strength of the site, its operational
durability, and its prominent role within the trade area. The current lease runs through January 31, 2027 (±1.3 years remaining), with
no extension options. The tenant pays $44,147.10 per month ($0.98/SF) under an absolute NNN lease, offering zero landlord responsibilities.
Upon expiration, DIY Home Center is going to vacate, paving the way for a strategic repositioning opportunity while benefiting from in-place
cash flow during the interim.
Strategically located at the NW signalized intersection of Cochran Street and Sycamore Drive, the property benefits from excellent visibility and combined daily traffic counts exceeding 52,000 vehicles per day. Cochran Street serves as one of Simi Valley’s primary eastwest thoroughfares, lined with a dense concentration of national credit retailers, including Target, Sprouts, Trader Joe’s, Walgreens, Grocery Outlet, Planet Fitness, and Ross.
The site enjoys synergistic foot and vehicular traffic from surrounding co-tenants and boasts immediate access to the 118 Freeway via Sycamore Drive, ensuring convenient regional connectivity. Multiple ingress and egress points enhance circulation, supporting a variety of future retail, medical, or service-oriented uses.
Brandon Michaels
The Brandon Michaels Group
