Westlake Gardens Office FOR SALE


Westlake Village, CA
$20,690,000 USD
415-310-7331
, Westlake Village, CA for Sale
$20,690,000 USD
Office - FOR SALE
1/14
null | 8% Cap Rate

Westlake Gardens
Westlake Village, CA


HIGHLIGHTS

  • Since 2021, 97% of the tenants at Westlake Gardens signed a new lease, have renewed, or are expected to renew at the project.
  • The project is currently 93% leased, presenting a unique core investment opportunity.
  • The Property has a weighted average tenant tenure of 9.72 years.
  • Leased to 31 tenants from 15 different industries.
  • Westlake Gardens is located 0.5 miles from Westlake Plaza Shopping Center.

OVERVIEW

Colliers presents the opportunity to acquire the fee-simple interest in Westlake Gardens, a two-building, 99,545 square foot office campus ideally located in Thousand Oaks, California. Situated on 4.70 acres of land, this core investment is 93% leased to a diverse roster of 31 tenants representing 15 different industries, insulating investors from exposure to any single industry. The property has a weighted average tenant tenure of 9.72 years, emphasizing the desirability of the building and location along with the strong probability of tenant renewals. Since 2021, 97% of the tenants at Westlake Gardens signed a new lease, have renewed, or are expected to renew at the project. Built in 1998, Westlake Gardens has been well maintained and benefited from recent lobby and building system upgrades. Situated at the southern border of Thousand Oaks, the tenants enjoy convenient access to the abundant amenities that neighboring Westlake Village provides and easy access to the 101 Freeway, the Conejo Valley’s main transportation corridor. With an average suite size of 3,500 square feet, the property ideally meets tenant demand, consistently outperforms the market, and is poised to continue that long-standing trend.

ASK ABOUT THIS PROPERTY

Sean FulpColliersMore Info
415-310-7331

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Sean FulpColliersMore Info
415-310-7331

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.