22144 Clarendon Crest
Marcus & Millichap, as exclusive advisor, is pleased to offer the fee-simple interest in Clarendon Crest (“the Property”) located in the vibrant and affluent Woodland Hills submarket of Los Angeles, CA. The Property is well-positioned along the famous 101 Freeway and on the southern edge of Warner Center, the “Downtown” of the San Fernando Valley.
Built in 1990, this 44,648 SF boutique office building is institutionally maintained, and is 81.1% leased to a variety of professional services and legal tenants that serve the greater San Fernando Valley community. Clarendon Crest offers investors a secure, in-place cash flow with limited near-term rollover and minimal capital requirements.
Price: $9,750,000 ($218/sf)
Square Feet: 44,648
Cap Rate: 7.02%