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18800 Ventura Boulevard
Tarzana, CA 91356

Price: Request For Offer Zoning: C2-1VL
Bldg SF: 5,749 SF Annual Rent: $339,479
Land SF: 35,010 SF Current Tenant: California Pizza Kitchen
Year Built:  1990 Type of Ownership: Ground Lease
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Bennet J. Pakdaman
(818) 212-2682
bennet.pakdaman@marcusmillichap.com
License # 001971145

Price:Request For Offer
Bldg SF: 5,749 SF
Land SF: 35,010 SF
Year Built: 1990
Annual Rent: $339,479
Current Tenant: California Pizza Kitchen
Property Type: Retail/Office
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Matthew Luchs
(818) 212-2727
matthew.luchs@marcusmillichap.com
License # 01948233


Bennet J. Pakdaman
(818) 212-2682
bennet.pakdaman@marcusmillichap.com
License # 001971145

Investment Highlights

Irreplaceable Ventura Boulevard, Tarzana CA location

 

  • Irreplaceable, trophy location ideally located on the SW signalized corner of Ventura Boulevard and Crebs Avenue
  • 0.8 of a mile from the Providence Cedars-Sinai Tarzana Medical Center
  • Ideally located proximate to several national retailers including Whole Foods Market, T.J. Maxx, McDonalds, Chase Bank, LA Fitness, and Duff’s Cakemix
  • Excellent visibility and frontage with over 161 feet of frontage on Ventura Boulevard, the world’s longest avenue of contiguous businesses
  • Strong daily traffic counts exceeding 42,000 vehicles per day

 

Trophy Absolute NNN Ground Lease

 

  • California Pizza Kitchen has successfully operated at this location since 1995
  • California Pizza Kitchen has a lease in place through 12/31/2029 with no additional options
  • Annual 2.91% rental increases
  • California Pizza Kitchen opened their first restaurant in Beverly Hills in 1985, and has since grown to include more than 250 locations in more than 30 states and 11 countries
  • California Pizza Kitchen is a privately held company with over 14,000 employees worldwide and annual revenues exceeding $600,000,000

 

Strong Centralized West San Fernando Valley Location undergoing Significant Growth

 

  • Centralized West San Fernando Valley location with easy access to Warner Center, Downtown Los Angeles and the Westside
  • The property is located less than one mile from the $624-million expansion of the Providence Cedars-Sinai Tarzana Medical Center, which will re-define the immediate sub-market
  • Over 1,000 recently completed or under-construction units within several miles of the property
  • 9 multi-family development projects within 2.9 square miles of the subject property totaling over 150 brand new units coming to market
  • Just 4 miles from the Warner Center, the San Fernando Valley’s central business district and home to Westfield Topanga & The Village, a mall which spans 2.1 million square feet, and houses stores such as Macy’s, Neiman Marcus, Nordstrom, and Target

 

Strong Immediate Demographics

 

  • Average household income of over $94,400 within one mile of the property, $102,000 within three miles of the property, and $100,200 within five miles of the property
  • There are over 27,600 people located within one mile of the property, 177,700 within three miles of the property, and 468,800 within five miles of the property
  • There are over 11,100 households located within one mile of the property, 63,800 within three miles of the property, and 165,700 within five miles of the property