Lakeview Innovation Center_Property for Sale
Lakeview Innovation Center_Property for Sale
112 S Lakeview Canyon Rd, Westlake Village, CA, 91362-3925, US

Lakeview Innovation Center

Asset Description

A ±276,529 square foot R&D & Office campus that is LEED Gold Certified and located in Thousand Oaks, CA. Currently 50% leased with a weighted average lease term (WALT) of 6.8 years, the Property has recently seen leasing activity totaling 78,742 square feet, including a recent commitment from Rawling’s for approximately 12% of the building and a renewal from Marvell Technologies. The newly renovated Property boasts an impressive array of features and amenities, including:

  • Stunning two-story atrium

  • Thoughtfully designed communal spaces for tenant interaction and collaboration

  • On-site leisure activities and a modern fitness center

  • Equinox gym offers residents unparalleled fitness amenities and world-class wellness experiences

  • Distinguished by LEED Gold, Energy Star, Fitwel, and UL Healthy Building Certifications, showcasing a commitment to environmental quality and sustainability

  • Generous outdoor spaces, complete with engaging amenities like ping pong tables, providing tenants with ample opportunities for recreation and socialization.



Building area net
25,690 m²
Year built
Land area net
8.97 ha
6.8 years


Investment Highlights

  • The Property has demonstrated a proven ability to appeal to research and development (R&D) tenants, with R&D-focused companies occupying a substantial 62% of the Property’s leased space.

  • With necessary base building work done and other renovations completed, all future capital invested will be NOI accretive, focusing on tenant allowances to attract and retain high-quality tenants.

  • Given the substantial investment in the project and the impressive quality of the building, this sale presents an exceptionally appealing opportunity for an investor to acquire the Property at a highly attractive basis compared to similar buildings in the market.

  • The Property continues to showcase its strong and expanding ties to the research and development sector, highlighted by Marvell Technology’s recent renewal of their entire space, and Rawlings’ new lease of over 33,000 square feet. This indicates a solid and increasing engagement with companies in the R&D field.

  • The Property features an on-site Equinox Fitness center and enjoys a walkable location near Caruso’s premier retail destination, The Promenade at Westlake, establishing it as one of the most amenity rich buildings in the entire market, providing tenants with unmatched convenience and access to high-end lifestyle offerings.

  • The Los Angeles Metro continues to rank among the top five U.S. cities for venture capital investment, securing over $7 billion in funds during 2022 and 2023.
Lakeview Innovation Center 4_Property for Sale
Lakeview Innovation Center 4_Property for Sale

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Last updated
16 May 2024