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West Bldg 31111 Agoura Rd
64,146 SF Vacant Office Building Westlake Village, CA 91361 $12,500,000 ($195/SF)
Investment Highlights
- HIGH IMAGE FREEWAY VISIBLE OWNER/USER OPPORTUNITY - WESTLAKE VILLAGE, CA
Executive Summary
HIGH IMAGE FREEWAY VISIBLE OWNER/USER OPPORTUNITY - WESTLAKE VILLAGE, CA
* High Image Two-Story Surface Parked Office Building | Ability to accommodate an owner/user up to 41,306 RSF (64.5% of the building) | Multitenant corridors allow for flexibility to expand and contract | Freeway visible along Ventura (101) FWY, with approximately 350K vehicles passing each day and prominent monument signage on Agoura Road.
* Flexible Zoning Allows for Outpatient Medical Uses | Ample surface parking allows for the ability to convert up to approximately 90% of the building area to outpatient medical | Outpatient medical rents are approximately 75% higher than office rents.
* Professionally managed and maintained with recent improvements including lobby, landscaping and roof replacement totaling over $450K.
HIGHLY DESIRABLE CONEJO VALLEY MARKET
* Home to some of the highest per capita incomes in the state and is one of the nation’s finest master-planned executive housing communities.
* Over 540,000 people reside in Westlake Village, Thousand Oaks, Agoura Hills, Camarillo, Moorpark and Calabasas. The average household income for Westlake Village is $234,701, almost 2x higher than the Los Angeles County average.
ESTABLISHED LIFE SCIENCE COMMUNITY
* The Conejo Valley is a growing biotech hub only 10- 15 years behind the hubs in Boston and San Francisco Bay Area.
* Home to 34.4% of Los Angeles' life science workforce with over 60 Life Science companies operating businesses in the Conejo Valley inclusive of: Amgen, Takeda, FujiFilm Diosynth, A2 Bio and Capsida Biotherapeutics.
PREMIER WESTLAKE VILLAGE LOCATION
* Located in the heart of Westlake Village’s central business district, neighboring the Shoppes at Westlake, Westlake Plaza, and the Four Seasons Westlake.
* Immediate access to the surrounding affluent communities of Thousand Oaks, Agoura Hills and Calabasas via the 101 (Ventura) Freeway which provides regional connectivity to the Greater Los Angeles region and Ventura County.
Property Facts
Amenities
- Courtyard
- Signage
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
Move in ready space; Conference room; breakroom; reception; 2 private offices; open area.
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 120 | 9,011 SF | Office/Medical | Partial Build-Out | Now |
| 1st Fl-Ste 150/160 | 8,883 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 205 | 1,710 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 208 | 6,365 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 220 | 2,311 SF | Office/Medical | Full Build-Out | Now |
| 2nd Fl-Ste 230 | 3,787 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 235 | 3,685 SF | Office/Medical | - | Now |
| 2nd Fl-Ste 245 | 1,274 SF | Office/Medical | Partial Build-Out | Now |
| 2nd Fl-Ste 260 | 2,750 SF | Office/Medical | Partial Build-Out | Now |
1st Fl-Ste 120
| Size |
| 9,011 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 150/160
| Size |
| 8,883 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 205
| Size |
| 1,710 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 208
| Size |
| 6,365 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 220
| Size |
| 2,311 SF |
| Space Use |
| Office/Medical |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Fl-Ste 230
| Size |
| 3,787 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 235
| Size |
| 3,685 SF |
| Space Use |
| Office/Medical |
| Condition |
| - |
| Available |
| Now |
2nd Fl-Ste 245
| Size |
| 1,274 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
2nd Fl-Ste 260
| Size |
| 2,750 SF |
| Space Use |
| Office/Medical |
| Condition |
| Partial Build-Out |
| Available |
| Now |
1st Fl-Ste 120
| Size | 9,011 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
1st Fl-Ste 150/160
| Size | 8,883 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
2nd Fl-Ste 205
| Size | 1,710 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
2nd Fl-Ste 208
| Size | 6,365 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
2nd Fl-Ste 220
| Size | 2,311 SF |
| Space Use | Office/Medical |
| Condition | Full Build-Out |
| Available | Now |
Move in ready space; Conference room; breakroom; reception; 2 private offices; open area.
2nd Fl-Ste 230
| Size | 3,787 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
2nd Fl-Ste 235
| Size | 3,685 SF |
| Space Use | Office/Medical |
| Condition | - |
| Available | Now |
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
2nd Fl-Ste 245
| Size | 1,274 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
2nd Fl-Ste 260
| Size | 2,750 SF |
| Space Use | Office/Medical |
| Condition | Partial Build-Out |
| Available | Now |
Special Year 1 Rate: $1.95/RSF FSG for first 12 months (minimum 3 year term). Standard asking rate = $2.60/RSF FSG. Medical uses allowed: Medical asking rate - $3.85/rsf, Modified Gross with a $120 psf Tenant Improvement Allowance.
PROPERTY TAXES
| Parcel Number | 2057-001-030 | Improvements Assessment | $9,897,591 |
| Land Assessment | $6,127,078 | Total Assessment | $16,024,669 |
PROPERTY TAXES
Presented by
West Bldg | 31111 Agoura Rd
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