Description
Colliers presents the opportunity to acquire the fee-simple interest in Westlake Gardens, a two-building, 99,545 square foot office campus ideally located in Thousand Oaks, California.
Situated on 4.70 acres of land, this core investment is 90% leased to a diverse roster of 33 tenants representing 16 different industries, insulating investors from exposure to any single industry. The property has a weighted average tenant tenure of 7.26 years, emphasizing the desirability of the building and location along with the strong probability of tenant renewals. Since 2021, a majority of the tenants...
Documents
Offering Summary
- Asking Price$20,200,000
- Price PSF$203
- Property TypeOffice
- Size99,545 SF
- Available456 SF
- Occupancy90%
- Built1998
- Parking3.40/1,000 SF
Sale Details
- Walt3.22 Years
- NOI$1,817,961
- In-Place Cap Rate9.0%
Documents
Property Address
Property Details
- Property TypeOffice
- Square Feet99,545 SF
- Available Space (SF)456 SF
- Occupancy90%
- Year Built1998
- Stories3
- Parking Ratio3.40/1,000 SF
- TenancyMulti
- Acres4.70
- ZoningM1
- APN698-0-011-215, 225
- Ownership InterestFee Simple
Property Details














Deal Team




Description
Colliers presents the opportunity to acquire the fee-simple interest in Westlake Gardens, a two-building, 99,545 square foot office campus ideally located in Thousand Oaks, California.
Situated on 4.70 acres of land, this core investment is 90% leased to a diverse roster of 33 tenants representing 16 different industries, insulating investors from exposure to any single industry. The property has a weighted average tenant tenure of 7.26 years, emphasizing the desirability of the building and location along with the strong probability of tenant renewals. Since 2021, a majority of the tenants...
Documents
Offering Summary
- Asking Price$20,200,000
- Price PSF$203
- Property TypeOffice
- Size99,545 SF
- Available456 SF
- Occupancy90%
- Built1998
- Parking3.40/1,000 SF
Sale Details
- Walt3.22 Years
- NOI$1,817,961
- In-Place Cap Rate9.0%
Documents
Property Address
Property Details
- Property TypeOffice
- Square Feet99,545 SF
- Available Space (SF)456 SF
- Occupancy90%
- Year Built1998
- Stories3
- Parking Ratio3.40/1,000 SF
- TenancyMulti
- Acres4.70
- ZoningM1
- APN698-0-011-215, 225
- Ownership InterestFee Simple
Property Details
Deal Team




