US Bank – 6537 Topanga Canyon Blvd, Woodland Hills, CA 91303

Excellent Warner Center Location

 

• Approximately 40,000 employees work within the Warner Center Area

• Major area employers include: HealthNet Inc., Zenith Insurance, Kaiser Permanente Hospital, Pratt & Whitney, and Pierce College

• Located within the close proximity to two of the country’s most substantial developments which are set to transform the area

• Westfield Promenade 2035 is receiving a $1.5 billion capital infusion

• Uptown at Warner Center is receiving a $3 billion capital infusion

• Close proximity to the Westfield Promenade, a $1.5 billion renovation that includes retail, Class A office, two hotels, 
  14,000 residential units, and an entertainment and sports center

• 14,420 of irreplaceable land located within the boundaries of the Warner Center 2035 Specific Plan, Topanga District

 

National Credit Tenant with Strong Operating History

 

• US Bank has successfully operated at this location for over 14 years

• Deposits at 6537 Topanga Canyon Boulevard are just north of $55 million

• US Bank has a long operational history, and was established in 1863

• US Bank is the fifth-largest bank in the country

• 70,000 people are employed by US Bank

• Total assets are north of $495 billion and total equity is north of $52 billion

• US Bank is publicly traded on the NYSE and is a part of the S&P 100 and S&P 500

• 3,067 branches and 4.771 ATM’s nationwide

• Ideal Value-Add or Owner-User Opportunity

• US Bank currently pays $2.88 per SF, which is significantly below current market rents

• The current lease in place expires in 2025, with no additional options

• Unique value-add opportunity to increase the current rent to market levels or re-position the asset upon lease expiration

• An owner-user can generate a stable and secure income stream with the ability to occupy the building at lease expiration

 

Warner Center – One of The Fastest Growing Submarkets Nationally

 

• Located within the boundaries of the Warner Center Specific Plan, which allows for significant “By-Right” development

• The WC 2035 Specific Plan considers development fundamentals to supporting regional transportation investments such as the 
  Metro Orange Line to create a vibrant Transit Oriented District (TOC) based upon sustainability, community connectedness, 
  accessible public transit and promotion of innovative business, nob diversity and a safe and friendly pedestrian environment

• A wave of growth is currently reinventing Warner Center, the Western San Fernando Valley’s centralized business district as a 
  self-sustaining urban live-work community

• Warner Center Specific Plan 2035 (Downtown District) provides developers a competitive advantage from a building, 
  marketing and leasing perspective or “By-Right” development

• Thousands of new residential units coming online with a strong desire to attract millennials

• Recent office conversions hope to attract top national companies to enhance growth and opportunity

 

Irreplaceable Location within Multi-Billion Dollar Sub-Market Complete with Retail Attractions and Premiere Office Hub

 

• Directly adjacent to the newly built, open-air retail center “The Village” at Westfield Topanga and Westfield Topanga, 
  encompassing over 2.7 million square feet of retail space with over 250 top brands, restaurants and entertainment options

• Directly across from the Westfield Promenade, a $1.5 billion renovation that includes retail, Class A office, two hotels, 
  14,000 residential units, and an entertainment and sports center

• Within close proximity to Uptown at Warner Center is receiving a $3 billion capital infusion to complete a mixed-use development

• Proximate to Metro Orange Line, with two transit stops located within walking distance, linking Warner Center and North Hollywood, 
  with further Metro service to Downtown Los Angeles

• Local retailers include: Apple, Nordstrom, Neiman Marcus, Target, Macy’s,. REI, Costco, Best Buy Electronics, Crate & Barrel

• Local restaurants include: Roy’s Asian Fusion, Fleming’s Steakhouse, California Pizza Kitchen, Cheesecake Factory, Chipotle, Il Fornaio, 
  Pizza Rev, Guacho Grill, Coffee Bean & Tea Leaf, P.F. Changs and many more

• Walking distance to Warner Center office buildings with over six million square feet of office space

• Approximately 40,000 employees work within Warner Center

• Major employers include HealthNet Inc., Zenith Insurance, Kaiser Permanente Hospital, Pratt & Whitney, and Pierce College

 

Strong Immediate Demographics and Population Density

 

• Average household income of $106,000 - $270,000 in the immediate area

• Strong local economy with significant job growth over a multitude of diverse sectors

• Over 80,000 new jobs, 37 million square feet of business and residential buildings, 14 million square feet of non-residential building area, 
  200,000 residential units projected in the immediate area

• Over 2 million residents and 850,000 jobs in the densely populated San Fernando Valley