1 Dole Dr | Westlake Village, CA 91362
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1 Dole Dr
Westlake Village, CA 91362
One Dole Drive · Office Property For Sale
Investment Highlights
- Owner-User Opportunity: Currently, 46% of the Property is leased, with 96,233 SF immediately available for an owner-user.
- Recent Renovation: Property boasts best-in-class features (a result of Ownership's $2.5M investment since 2018)
- Executive Location: Westlake Village is a highly sought-after location in northwest Los Angeles County, situated amidst affluent communities.
- Secure Campus Environment: Campus-like atmosphere with landscaped outdoor spaces and large, efficient floor plates.
- Ample Parking: 358 Stalls (including 158 subterranean stalls)
- Flexible Zoning: The Building is zoned BP–Business Park (R&D allowed), permitting outpatient medical uses.
Executive Summary
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.
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.
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
178,357 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1999/2018
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
59,452 SF
Slab To Slab
12’
Building FAR
0.40
Lot Size
10.26 AC
Zoning
BP - Business Park - Westlake Village Zoning Website: https://www.westlakevillage.com/zoning/
Parking
358 Spaces (2.01 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Controlled Access
- Courtyard
- Fitness Center
- Food Court
- Food Service
- Property Manager on Site
- Security System
- Wheelchair Accessible
- Reception
- Car Charging Station
- Outdoor Seating
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 2054-032-081 | Improvements Assessment | $41,558,552 |
| Land Assessment | $13,123,752 | Total Assessment | $54,682,304 |
PROPERTY TAXES
Parcel Number
2054-032-081
Land Assessment
$13,123,752
Improvements Assessment
$41,558,552
Total Assessment
$54,682,304
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