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5707 Corsa Avenue
Westlake Village, CA 91362

Price: $4,950,000 Zoning: BP, Westlake Village
Bldg SF: 22,068 SF Price/SF: $224
Land SF: 59,192 SF Occupancy: 75%
Year Built:  1981 Property Type: Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 5707 Corsa Avenue, Westlake Village, CA 91362
Price: $4,950,000
Bldg SF: 22,068 SF
Land SF: 59,192 SF
Year Built: 1981
CAP Rate: 3.49%
Price/SF: $224
Occupancy:  75%
Property Type: Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Excellent Westlake Village Location

• The second highest point in Westlake Village with 360 degree unobstructed views of the beautiful Conejo Valley
• Ideally located in the main office district of Westlake Village which is home to national companies and a host of corporate headquarters and large commercial offices
• Close proximity to The Four Seasons Hotel and Spa, high-end retailers and a wide variety of restaurants
• Close proximity to the Interstate 101 Ventura Freeway
• Amenity rich location within walking distance to multiple restaurants and shops

 

Premier Office Building in Highly Desirable Submarket

• High end upgrades capture tenants and visitor
• Breathtaking views from atop one of the highest points in the area
• Architecturally pleasing building with beautiful water feature, hardscape, and upgraded lobbies
• Extensive window lines
• Upgraded offices with fireplaces, large conference room, and extensive woodwork

 

Ideal Owner-User or Investment Opportunity

• Flexibility in leases allow an Owner-User Buyer to occupy a portion or all of the second story
• Owner-User can occupy a portion of the building and generate income from the remaining tenants
• Strong tenant mix exemplifies strong operating history
• Excellent parking creates the potential opportunity to convert a portion of the building to medical use

 

Business Friendly Environment

• Approximately 850 commercial and light industrial business firms are located in Westlake Village
• Westlake Village is a well-managed city known for its serene landscapes and high quality of life
• Home to a host of national companies and large commercial offices
• Excellent business climate in which companies prosper

 

Strong Immediate Demographics

• Average household income of over $170,000 within a one-mile radius
• Over 100,000 people within a five mile radius
• Strong local economy spread over a multitude of diverse sectors
• Home to a wide range of athletes, celebrities, and professionals