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1/20/26
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Pleasant Valley Plaza, an 81.1k sf, grocery-anchored shopping center in Oxnard, was acquired by a private ownership group sponsored by Rhino Investments Group of Las Vegas in a $20.3 mil ($250/sf) transaction. The seller was a private partnership based in Los Angeles.
Pleasant Valley Plaza is anchored by La Plaza Meat Market and is located at 105–309 West Pleasant Valley Rd, 4931–4933 Saviers Rd, and 4936–5030 South C St. La Plaza Meat Market, a regional grocer with multiple locations throughout Ventura County, started operating at Pleasant Valley Plaza in early 2025 and executed a new long-term lease.
The property was originally built in 1961 on 7.93 acres, renovated in 2022, and was 95% leased at the time of sale. The tenant mix includes O’Reilly Auto Parts, H Mart Discount Store, Metro by T Mobile, restaurants, service tenants and neighborhood retailers. Roughly 75% of the tenants have operated at the center since at least 2018, including O’Reilly Auto Parts, which recently signed a new long term lease.
The center offers ample parking and is positioned along Pleasant Valley Road at signalized intersections with C Street and Saviers Road. The Pleasant Valley Road and Saviers Road intersection sees approximately 38,000 cars per day.
Sean Cox and Kevin Fryman with Hanley Investment Group Real Estate Advisors represented the seller in the deal. The buyer repped themselves.
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