CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire One Dole Drive, a three-story, Class-A office building located in Westlake Village, CA - a prestigious and highly sought-after location in northwest Los Angeles County.
Originally constructed in 1999 as the prior owner's corporate headquarters, the Property offers flexibility with a short-term leaseback option to facilitate a smooth transition.
Currently, 46% of the Property is leased, with 96,233 SF immediately available for an owner-user. Portions of the first and third floors are move-in ready, providing options for immediate occupancy ranging from 984 RSF to 21,284 SF. The Building's layout allows for a clear path to full building utilization as needed. For those seeking a smaller footprint, the in-place leaseback income, combined with the potential to lease out the remaining space, offers a compelling investment opportunity.
As part of a planned development that includes the adjacent Four Seasons Hotel, the Property boasts best-in-class features within a unique, expansive land-rich site with ample parking (358 spaces). The Building offers a secure, campus-like atmosphere with landscaped outdoor spaces and large, efficient floor plates, creating a comfortable and productive work environment.
The Property is being offered on a fee simple basis, free and clear of any existing debt.