Alpine Plaza — Sale in Simi Valley, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Simi Valley, CA 93063

Photos

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Investment Figures

Cap rate
2.53%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the opportunity to acquire 2068 Tapo Street, a multi tenant retail investment located along one of Simi Valley’s most established commercial corridors. Situated on Tapo Street with convenient access to the 118 Freeway, the property benefits from strong visibility, excellent accessibility, and a strategic location within a well established retail trade area. The asset is occupied by a diverse mix of retail and service oriented tenants that provide stable in place income and serve the daily needs of the surrounding community. Supported by a dense residential population and strong demographic fundamentals, the center has established itself as a neighborhood retail destination within the market. In addition to its existing income stream, the property offers investors the opportunity to enhance long term returns through future lease renewals, rental rate growth, and active leasing strategies. Combined with its position within a mature and supply constrained retail market, the asset is well positioned to benefit from continued tenant demand and long term appreciation. 2068 Tapo Street represents an opportunity to acquire a well located retail asset with a diversified tenant base, stable cash flow characteristics, and meaningful upside potential in one of Ventura County’s most desirable and established submarkets. Investment Highlights: • Supply Constrained Retail Market - Simi Valley is a mature and established retail market with limited new development opportunities, supporting long term occupancy and rental rate growth. • Excellent Visibility and Accessibility - The property offers strong street frontage, convenient ingress and egress, and ample parking, creating an accessible environment for tenants and customers. • Established Residential Consumer Base - Surrounded by established residential neighborhoods, the center serves a large population of nearby residents and benefits from recurring neighborhood demand. • Prime Simi Val

Market Context

This retail in Simi Valley, CA is listed for sale. It is offered at an approximate 2.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Simi Valley, CA — view the full market.

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