5348 Topanga Canyon Blvd - Medical FOR SALE


Woodland Hills, CA 91364
$6,400,000 USD
310-435-9163
5348 Topanga Canyon Blvd, Woodland Hills, CA for Sale
$6,400,000 USD
Medical - FOR SALE
1/15
null | Request Cap Rate

5348 Topanga Canyon Blvd
Woodland Hills, CA 91364


HIGHLIGHTS

  • Rare Owner/User with income opportunity to purchase a 17,032 square foot boutique office building in Woodland Hills.
  • Up to 7,621 sq. ft. potentially available (of which 4,691 sq. ft. is contiguous) at COE, please call Broker for details.
  • 55% Occupied to 6 tenants (5 medical and 1 retail) with many at below market rents.
  • Features an interior atrium, controlled access to building, up to 62 parking spaces in building’s subterranean parking and surface lot.
  • Minutes to Warner Center with excellent 101 (Hollywood) Freeway access.

OVERVIEW

Lincoln Property Company, as exclusive broker, is pleased to offer the opportunity to acquire 5348 Topanga Canyon Boulevard, a 17,032± sq. ft. neighborhood office/medical building in the dynamic neighborhood of Woodland Hills which is in the southwestern area of the San Fernando Valley region of Los Angeles in Southern California. Paramount to the Property’s desirability is its compelling location adjacent to Warner Center, the dynamic master-planned office and retail hub. Built in 1989, 5348 Topanga Canyon consists of a two-story office/medical building with a rear parking lot and a subterranean parking garage. The Property consists of approximately 17,032 rentable square on approximately 17,772 square feet of land. In its current space allocation, approximately 15% of the Property (or 2,558 rentable square feet on the Ground Floor) is used for retail. The remaining 85% of the Property on the Ground Floor and 2nd floor (14,471 rentable square feet) is used for medical and office uses. Unlike many buildings in the area, the Property has its own parking for its tenants with 62 parking spaces in its rear and subterranean parking lots. This above average parking enables the Property to accommodate medical uses in certain suites subject to City requirements. As an Owner/User Opportunity with income, the building offers up to 7,621 sq. ft. potentially available (of which 4,691 sq. ft. is contiguous) at COE, please call Broker for details. Currently, the building is 55% Occupied to 6 tenants (5 medical and 1 retail). The projected NOI is $357,931 at 100% occupancy. The marketing package, rent roll and floorplans are available upon request.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$376 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Topanga Professional Bldg

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1989

SPRINKLERS

-

PARKING SPACES

62

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

C2

APN/PARCEL ID

2169-003-051

ASK ABOUT THIS PROPERTY

Camilo FabrosLincoln Property CompanyMore Info
310-435-9163

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

Camilo FabrosLincoln Property CompanyMore Info
310-435-9163

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