3180 Willow Lane | Westlake Village, CA
Status: For Sale
Property Type: Institutional Medical Office
Price: $17,500,000
Building Area: 29,609 SF
Occupancy: 100%
NOI Year One: $878,060
www.3180Willow.com
Investment Opportunity
Marcus & Millichap, as exclusive advisor, is pleased to present the Westlake Center Medical Plaza (“The Property”), an institutional quality medical office 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 100% occupied, completely renovated, medical office 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.
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.
