Office Medical

3180 Willow Ln

3180 Willow Ln, Thousand Oaks, CA 91361

Listing Price: $17,500,000

Cap Rate
4.51%
Gross SF
29,609
Rentable SF
29,609
Price/Gross SF
$591.04
Occupancy
91.10%
Year Built
1987
Lot Size
1.87 acres

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the Westlake Center Medical Plaza (“The Property”), an institutional quality medical off ice building totaling 29,609 square feet, located at 3180 Willow Lane in Thousand Oaks, CA. Westlake Center Medical Plaza is a compelling opportunity to acquire a completely renovated medical off ice building in the extremely affluent community of Westlake Village with the additional ability to enhance returns through rolling in-place tenants to market rents upon lease expiration as well as the lease up of remaining vacancy. The Property, built in 1987 and completely renovated between 2018 and 2020, offers tenants contemporary interior finishes, ample and convenient surface parking, high corporate identity, and abundant retail amenities nearby. The Property is located adjacent to a transformational mixed-use development consisting of 260 residential units and 15,000 square feet of stores and restaurants. This opportunity is being offered at $17,500,000 for the fee simple interest in the building and land thereunder. 

Investment Highlights

  • Stable, Diversified Cash Flow With Upside
  • Best-in-Class Medical Office Within Exceptionally Strong 97% Leased Submarket
  • Adjacent to Transformational Mixed-Use Project
  • Prestigious Westlake Village Location
  • Ideal 1031 Exchange Property

Exclusively Listed By

Listing Price: $17,500,000

Cap Rate
4.51%
Gross SF
29,609
Rentable SF
29,609
Price/Gross SF
$591.04
Occupancy
91.10%
Year Built
1987
Lot Size
1.87 acres

Investment Highlights

  • Stable, Diversified Cash Flow With Upside
  • Best-in-Class Medical Office Within Exceptionally Strong 97% Leased Submarket
  • Adjacent to Transformational Mixed-Use Project
  • Prestigious Westlake Village Location
  • Ideal 1031 Exchange Property

Investment Overview

Marcus & Millichap, as exclusive advisor, is pleased to present the Westlake Center Medical Plaza (“The Property”), an institutional quality medical off ice building totaling 29,609 square feet, located at 3180 Willow Lane in Thousand Oaks, CA. Westlake Center Medical Plaza is a compelling opportunity to acquire a completely renovated medical off ice building in the extremely affluent community of Westlake Village with the additional ability to enhance returns through rolling in-place tenants to market rents upon lease expiration as well as the lease up of remaining vacancy. The Property, built in 1987 and completely renovated between 2018 and 2020, offers tenants contemporary interior finishes, ample and convenient surface parking, high corporate identity, and abundant retail amenities nearby. The Property is located adjacent to a transformational mixed-use development consisting of 260 residential units and 15,000 square feet of stores and restaurants. This opportunity is being offered at $17,500,000 for the fee simple interest in the building and land thereunder. 

Exclusively Listed By

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