Listing banner image
  • Stories
    3Stories
  • Country
    USCountry
  • Square Feet
    99,545 SFSquare Feet
  • Occupancy
    90%Occupancy
  • State
    CAState
  • City
    Thousand OaksCity

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 Type
    Office
  • Size
    99,545 SF
  • Available
    456 SF
  • Occupancy
    90%
  • Built
    1998
  • Parking
    3.40/1,000 SF

Sale Details

  • Walt
    3.22 Years
  • NOI
    $1,817,961
  • In-Place Cap Rate
    9.0%

Documents

Property Address

2535 & 2555 Townsgate Road
Thousand Oaks, CA 91361

Property Details

  • Property Type
    Office
  • Square Feet
    99,545 SF
  • Available Space (SF)
    456 SF
  • Occupancy
    90%
  • Year Built
    1998
  • Stories
    3
  • Parking Ratio
    3.40/1,000 SF
  • Tenancy
    Multi
  • Acres
    4.70
  • Zoning
    M1
  • APN
    698-0-011-215, 225
  • Ownership Interest
    Fee Simple

Property Details

Deal Team

Sean Fulp profile image
Sean Fulp
Vice Chair Vice Chair
CA RE Lic. 01389064
Mark Schuessler profile image
Mark Schuessler
Executive Vice President Executive Vice President
CA RE Lic. 02033871
Blake Hammerstein profile image
Blake Hammerstein
Associate Vice President Associate Vice President
CA RE Lic. 02122555
Sean Fulp profile image
Sean Fulp
CEO CEO
CA RE Lic. #01389064

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 Type
    Office
  • Size
    99,545 SF
  • Available
    456 SF
  • Occupancy
    90%
  • Built
    1998
  • Parking
    3.40/1,000 SF

Sale Details

  • Walt
    3.22 Years
  • NOI
    $1,817,961
  • In-Place Cap Rate
    9.0%

Documents

Property Address

2535 & 2555 Townsgate Road
Thousand Oaks, CA 91361

Property Details

  • Property Type
    Office
  • Square Feet
    99,545 SF
  • Available Space (SF)
    456 SF
  • Occupancy
    90%
  • Year Built
    1998
  • Stories
    3
  • Parking Ratio
    3.40/1,000 SF
  • Tenancy
    Multi
  • Acres
    4.70
  • Zoning
    M1
  • APN
    698-0-011-215, 225
  • Ownership Interest
    Fee Simple

Property Details

Deal Team

Sean Fulp profile image
Sean Fulp
Vice Chair Vice Chair
CA RE Lic. 01389064
Mark Schuessler profile image
Mark Schuessler
Executive Vice President Executive Vice President
CA RE Lic. 02033871
Blake Hammerstein profile image
Blake Hammerstein
Associate Vice President Associate Vice President
CA RE Lic. 02122555
Sean Fulp profile image
Sean Fulp
CEO CEO
CA RE Lic. #01389064
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