Woodlake Office Plaza

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Great Investment Opportunity
Prime Ventura Boulevard Property
100% Leased
For Sale
Woodlake Office Plaza
Woodland Hills, CA
LOCATION:
23123 Ventura Boulevard
Woodland Hills, CA 91364
BUILDING SIZE:
Approximately 13,547 square feet (buyer to verify).
LOT SIZE:
Approximately 18,000 square feet (buyer to verify).
YEAR BUILT:
1979.
ZONING:
CR-2VLD
SALE PRICE:
$4,500,000 $4,950,000.
CURRENT NOI:
$247,758 (new tax base included).
2009 NOI:
$265,554 (new tax base included).
PARKING:
Parking to accommodate thirty-five (35) cars (including 13 covered).
FEATURES:
¾
¾
¾
¾
Prime location on Ventura Boulevard in Woodland Hills.
Immediate access to 101 Ventura Freeway.
Koi pond and garden courtyard on property.
Great tenant mix.
FOR MORE INFORMATION OR A TOUR, PLEASE CONTACT:
Lloyd H. Bakan
Tobin M. McAndrews
Christopher W. Benton
[email protected]
[email protected]
[email protected]
Coldwell Banker Commercial WESTMAC
1515 Sepulveda Boulevard
Los Angeles, CA 90025
(310) 478-7700
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or
leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been
secured from sources we believe to be reliable.
©2008 Coldwell Banker Real Estate Corporation. All Rights Reserved. The text of this publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval
system, or otherwise, without prior permission. Coldwell Banker Commercial® is a licensed trademark to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Except Offices Owned and Operated by NRT
23123 VENTURA BOULEVARD | WOODLAND HILLS | CALIFORNIA | 91364
FOR MORE INFORMATION OR A TOUR, PLEASE CONTACT:
Lloyd H. Bakan
Tobin M. McAndrews
Christopher W. Benton
[email protected]
[email protected]
[email protected]
Coldwell Banker Commercial WESTMAC
1515 Sepulveda Boulevard
Los Angeles, CA 90025
(310) 478-7700
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or
leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been
secured from sources we believe to be reliable.
©2008 Coldwell Banker Real Estate Corporation. All Rights Reserved. The text of this publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval
system, or otherwise, without prior permission. Coldwell Banker Commercial® is a licensed trademark to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Except Offices Owned and Operated by NRT
23123 Ventura Boulevard | Woodland Hills | California | 91364
FOR MORE INFORMATION OR A TOUR, PLEASE CONTACT:
Lloyd H. Bakan
Tobin M. McAndrews
Christopher W. Benton
[email protected]
[email protected]
[email protected]
Coldwell Banker Commercial WESTMAC
1515 Sepulveda Boulevard
Los Angeles, CA 90025
(310) 478-7700
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or
leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been
secured from sources we believe to be reliable.
©2008 Coldwell Banker Real Estate Corporation. All Rights Reserved. The text of this publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval
system, or otherwise, without prior permission. Coldwell Banker Commercial® is a licensed trademark to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Except Offices Owned and Operated by NRT
23123 Ventura Boulevard | Woodland Hills | California | 91364
Unit
Sq. Ft.*
Current Rent
Current PSF
Next Rent
Increased Amount
Date of Next
Increase
Lease
From
Lease
Expiration
Option to
Extend Lease
FIRST FLOOR
100-101
1,021
$2,258.00
$2.21
$2,371.00
9/1/2009
09/01/07
08/31/12
YES, One five year
option at market
102
630
$1,365.00
$2.17
$1,433.00
8/1/2009
11/01/06
10/31/11
NO
103
440
$975.00
$2.22
$1,025.00
2/1/2009
10/01/06
12/31/08
NO
104-104A
976
$2,188.00
$2.24
$2,297.00
8/1/2009
07/31/02
07/31/10
Yes, One three year
option at market
104-B
480
$1,042.00
$2.17
$1,086.00
8/1/2009
02/01/03
07/31/10
Yes, One three year
option at market
104-C
530
$1,275.00
$2.41
$1,339.00
5/1/2009
4/15/2008
5/01/2010
Yes, One three year
option at market
105
590
$1,248.00
$2.12
$1,298.00
1/1/2009
01/01/07
12/31/08
YES, Three one year
options at market
106
455
$998.00
$2.19
$1,050.00
11/1/2008
11/01/06
10/31/08
NO
5122
$11,349.00
$2.22
$11,899.00
SECOND FLOOR
200
1250
$2,300.00
$1.84
$2,400.00
10/1/2008
10/01/03
09/30/08
Yes, One three year
options at market
201
506
$1,092.00
$2.16
$1,136.00
1/1/2009
01/01/07
12/31/08
YES, Three one year
options at market
202-203
1,034
$2,184.00
$2.11
$2,271.00
1/1/2009
01/01/07
12/31/08
YES, Three one year
options at market
204
290
$725.00
$2.50
$765.00
9/1/2009
04/01/03
6/03--MTM
205
450
$950.00
$2.11
$1,000.00
10/1/2008
10/01/06
09/30/08
Yes, One three year
options at market
206
540
$1,146.00
$2.12
$1,203.00
8/1/2009
08/01/07
07/31/12
Yes, Two one year
options at market
207
1049
$2,430.00
$2.32
$2,522.00
2/1/2009
02/01/07
01/31/10
Yes, Two one year
options at market
208
740
$1,508.00
$2.04
$1,568.00
1/1/2009
01/01/07
12/31/08
YES, Three one year
options at market
209
830
$1,650.00
$1.99
$1,900.00
11/1/2008
11/01/06
10/31/08
NO
210
976
$1,890.00
$1.94
$1,1985.00
9/1/2009
09/01/07
08/31/10
NO
211
760
$1,456.00
$1.92
$1,514.00
1/1/2009
01/01/07
12/31/08
YES, Three one year
options at market
8425
$17,331.00
$2.06
$18,264.00
13,547
$28,680.00
$2.12
$30,163.00
NO
FOR MORE INFORMATION OR A TOUR, PLEASE CONTACT:
Lloyd H. Bakan
Tobin M. McAndrews
Christopher W. Benton
[email protected]
[email protected]
[email protected]
Coldwell Banker Commercial WESTMAC
1515 Sepulveda Boulevard
Los Angeles, CA 90025
(310) 478-7700
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or
leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been
secured from sources we believe to be reliable.
©2008 Coldwell Banker Real Estate Corporation. All Rights Reserved. The text of this publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval
system, or otherwise, without prior permission. Coldwell Banker Commercial® is a licensed trademark to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Except Offices Owned and Operated by NRT
23123 Ventura Boulevard | Woodland Hills | California | 91364
Current and Pro Forma NOI
Current Actual NOI (includes taxes based on $4, 500,000 sales price)
$247,758.00
Actual NOI 2008-2009 (includes rental increases)
$265,554.00
Projected NOI 2009 (includes market rental increases)
$283,350.00
Annual Operating Expenses (Actual 2008)
Electricity
$23,750.90
Gas
$2,642.23
Janitorial
$9,510.55
Trash Removal
$1,604.80
Property Taxes (based on $4,500,000 sales price)
$56,250.00
Koi Pond Maintenance
$1,380.00
General Insurance
$1,263.98
Total Annual Operating Expenses
$96,402.46
FOR MORE INFORMATION OR A TOUR, PLEASE CONTACT:
Lloyd H. Bakan
Tobin M. McAndrews
Christopher W. Benton
[email protected]
[email protected]
[email protected]
Coldwell Banker Commercial WESTMAC
1515 Sepulveda Boulevard
Los Angeles, CA 90025
(310) 478-7700
This statement with the information it contains is given with the understanding that all negotiations relating to the purchase, renting, or
leasing of the property described above shall be conducted through this office. The above information while not guaranteed has been
secured from sources we believe to be reliable.
©2008 Coldwell Banker Real Estate Corporation. All Rights Reserved. The text of this publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval
system, or otherwise, without prior permission. Coldwell Banker Commercial® is a licensed trademark to Coldwell Banker Real Estate Corporation. An Equal Opportunity Company. Each Office Is Independently Owned And Operated Except Offices Owned and Operated by NRT