31225 La Baya Dr, Westlake Village, CA

Excellent Westlake Village, CA Location

• Ideally located in the upscale, affluent Conejo Valley sub-market of Westlake Village, CA

• Close proximity to the Interstate 101 Ventura Freeway

• Amenity rich sub-market within close proximity to world-class hotels, restaurants, retailers, hospitals, and banks

• Average household income north of $150,000 with a median income of $134,411

Ideal Value-Add or Owner-User Opportunity

• The building has undergone significant improvements and renovations creating a unique value-add opportunity with minimal capital requirements

• 48% current occupancy

• Current rents are below market rents

•  Current occupancy in conjunction with lease flexibility create an ideal Owner-User opportunity

• Priced significantly below replacement costs

North Business Park Specific Plan set to Be Completed will Create Significant Growth in the Immediate Area

• Centrally located within the proposed boundaries of the North Business Park Specific Plan

• North Business Park Plan creates incentive for property owners to re-develop by providing economic incentives

• Potential change of use and increase in FAR will create significant growth potential

• Development concepts have been approved by the city and the environmental review is largely completed

Strong Immediate Demographics Creates a Business-Friendly Environment

• Approximately 850 commercial and light industrial business firms are located in the immediate area
• Westlake Village is a well-managed city home to several large companies
• Average household income over $151,000 within one-mile
• Plethora of multi-million dollar homes in the immediate area with median home values north of $800,000