Westlake North_Property for Sale
Westlake North_Property for Sale
30700 Russell Ranch Rd, Westlake Village, CA, 91362-9500, US

Westlake North

Asset Description

JLL, as exclusive advisor, is pleased to offer qualified investors an opportunity to acquire the 100% fee simple interest in 30699, 30700, & 30721 Russell Ranch Road ("Westlake North", the “Property” or "Properties"); a distinctive three building, well located, highly accessible opportunity in Westlake Village that totals 326,751 RSF with development optionality. The Properties are on separate legal parcels and are being offered individually or as a portfolio.


Westlake North comprises three R+D office buildings built in 2000-2001, strategically located near the 101 Freeway for excellent accessibility and adjacent to the Shoppes at Westlake Village, a 245,000 RSF Target-anchored retail center. This 19.71-acre campus is the location of choice for a dynamic mix of technology, education, and legal tenants with an average tenant size of 8,000 RSF. Currently 20% leased with known vacates, the Property presents investors with the opportunity to relocate existing tenants to stabilize the 30700 Russell Ranch Road building and redevelop the 30699 and 30721 buildings for industrial or alternative uses.

...

Attributes

Building area gross
30,356 m²
Year built
2000
Land area gross
7.98 ha
WAULT
2.5 years

Media

Investment Highlights

  • Redevelopment Potential
  • Institutionally Owned and Maintained
  • Individual or Portfolio Sale
  • 60%+ Discount to Post-Covid Competitive Set Trades
  • Walkable Amenities in a Supply Constrained Market
Westlake North 4_Property for Sale
Westlake North 4_Property for Sale

Contact brokers

Westlake North (0 Properties)

Similar properties

View moreChevron Right
Do you have any questions? visit our FAQ page
View FAQ PageArrow Right
JLL can help you finance and manage your portfolio. Email us today to see how we can help achieve your ambitions.
Last updated
31 Oct 2024