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

Price: $6,430,000 Zoning: (WC)TOPANGA-SN-RIO
Bldg SF: 7,910 SF CAP Rate: 4.25%
Land SF: 14,420 SF Lease Expiration: 11/30/25
Lease Guarantor: US Bancorp (Corporate) Lease Type: NNN
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Steven Schechter
(818) 212-2793
Steven.Schechter@marcusmillichap.com
License # 01089464

Address: US Bank – 6537 Topanga Canyon Boulevard, Woodland Hills, CA 91303
Price: $6,430,000
Bldg SF: 7,910 SF
Land SF: 14,420SF
Tenant: US Bank
Price/SF: $812.90
Lease Type: NNN
Click to View Offering MemorandumClick to Print Offering Memorandum

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


Steven Schechter
(818) 212-2793
Steven.Schechter@marcusmillichap.com
License # 01089464

Investment Highlights

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