88 N Oak St
Ventura, CA 93001 Downtown Ventura

• Unit Size: 2,257 SF
• Condo Use: Office
• Price: $745,000 USD
• Sale Type: Investment
• Price/SF: $330.08 USD

Description

Unit 1A is a thoughtfully designed commercial condominium located in the heart of Downtown Ventura. Positioned within a well-maintained mixed-use environment, the space features an efficient single-story layout designed to support creative, professional, and collaborative work environments. The interior includes a welcoming reception area, private offices, conference space, open studio/work areas, a kitchen, lounge, storage areas, and multiple restrooms, creating a functional setting for a variety of business operations.

Natural light, flexible workspace configurations, and quality interior improvements contribute to a productive and comfortable work environment. The property's downtown location places occupants within walking distance of Ventura's restaurants, retail destinations, professional services, and civic amenities while maintaining convenient access to major transportation corridors throughout Ventura County and the greater Southern California region.

Built in 2003 and updated in 2023, Unit 1A also includes two reserved parking spaces and is situated within Ventura's T6.1 Urban Core zoning district. The combination of a versatile floor plan, modern improvements, and a highly walkable downtown location makes Unit 1A well-suited for design, creative, consulting, professional office, and other collaborative business uses.

Sale Notes

The Property consists of approximately 2,257 SF of design studio space located in Ventura, CA, just 40-miles northwest of Santa Monica/Los Angeles. The city of Ventura is the county seat of Ventura County, has a population of 843,843 residents, and borders Los Angeles County. The region ranks as one of the top investment markets in the country, boasting a median household income of nearly $90,000. Ventura itself is home to over 110,000 residents, and is included as part of the Los Angeles metropolitan statistical area (MSA).

Landscape Development, Inc. delivers fully integrated landscape solutions that bring peace of mind to builders, property owners, and communities. With construction, maintenance, arbor care, and landscape architecture under one umbrella, bringing reliability, expertise, and excellence to every stage of the outdoor environment. Landscape Development, Inc. - an integrated site and landscape services company based in Valencia, California - has reported annual revenues in the range of $100-$500 million according to industry analysis.

Upon closing of the transaction, the selected purchaser will assume the existing 2.75-year lease with Landscape Development, Inc. The lease is structured as Net Lease, with the Landlord only responsible for liability insurance, features 3.00% annual rental increases, and Tenant who's been at the building since 2016.