Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present the opportunity to acquire Westlake Oaks Campus, a 13.57-acre (591,284 SF) infill campus development opportunity located at 4553 La Tienda Road in Thousand Oaks, California, directly along the Interstate 101 (Ventura Freeway) at the border of Westlake Village. The offering consists of a 113,122-square-foot, two-story flex office building situated on approximately 9.2 acres, along with an adjacent 4.4-acre unimproved parcel currently utilized for parking, for a combined site area of approximately 13.57 acres (591,284 SF). The scale of the land assemblage, combined with its prominent freeway-adjacent location at the intersection of La Tienda Road and Lakeview Canyon Road, presents a rare opportunity to develop a large infill campus within one of the most affluent and supply-constrained submarkets in Ventura County. Opportunities to control more than 13 acres of contiguous land along the 101 Freeway in the Westlake Village/Thousand Oaks corridor are exceptionally rare, positioning the property for transformational development potential. In 2023, the City of Thousand Oaks adopted a comprehensive update to its General Plan, redesignating 4553 La Tienda Road to Industrial Flex, a designation that allows for a broad range of commercial uses including office, research and development, light industrial, hotel, service commercial, ancillary retail, public facilities, and religious institutions. The property is currently zoned M-1 (Light Industrial), with a complementary zoning code update anticipated in 2026 that will further clarify permitted uses and development standards. Additionally, the property may qualify as a candidate for residential or mixed-use redevelopment under California’s AB 2011 and SB 6 housing legislation, as amended by AB 2243, which establishes new pathways for multifamily and mixed-use residential development on underutilized commercial and office sites. Subject to applicable affordability, labor, and site eligibility requirements, qualifying developments may benefit from streamlined or ministerial approval processes, creating a compelling opportunity to pursue large-scale residential or mixed-use redevelopment within the highly desirable Westlake Village/Thousand Oaks corridor. Please contact the listing agent for additional information.