Former Rite Aid Single Tenant Building for Lease/Sale.
Former Rite Aid Single Tenant Building for Lease/Sale.
Located within the City of Moorpark which is ranked (by the FBI) the 3rd safest city in California, with a population of 36,000 and is projected to reach 57,000 by 2058; Considered one of the 5 cities for business within the state; Currently provides 3.9M SQFT of Industrial space, 1.6M SQFT retail, and 301K SQFT office, spread across 7 unique business districts. The property is surrounded by exceptionally affluent neighborhoods; average household income above $190,000 within a 1-mile radius; Over 54% of residents are college educated; award winning schools including Peach Hill Academy, Mesa Verde Middle School with Moorpark Kinder immediately adjacent.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.
