Ventura County, CA Best Buy Brings $11.2 Million

Mark Thiel

OXNARD, CA – Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, announced the sale of a 48,168-square-foot Best Buy store in Oxnard, Calif.

The $11,200,000 sales price equates to $233 per square foot. Mark Thiel, vice president investments in Marcus & Millichap’s San Diego office, represented the Orange County-based buyer and the seller, an investment group also based in Southern California.

            “With excellent visibility and frontage on U.S. Route 101, this property provides the new owner with strong long-term fundamentals and a proven tenant,” says Thiel. 

The property is located on 5.7 acres at 2300 North Rose Ave. in Oxnard, Calif. with monument signage and accessibility on U.S. Highway 101. Approximately 234,804 people live within a five-mile radius of the store.

For a complete copy of the company’s news release, please contact:

Gina Relva

Public Relations Manager

(925) 953-1716