Woodland Hills Office for Sale - Woodland Hills/Warner Ctr
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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 8,966 sq. ft. potentially available (of which, up to 4,691 sq. ft. is contiguous) at COE, please call Broker for details. Currently, the building is 47% Occupied to 5 tenants (4 medical and 1 retail). The projected NOI is $357,931 at 100% occupancy.
The marketing package, rent roll and floorplans are available upon request.
