WESTLAKE VILLAGE Value Add Sale or Lease

RARE OPPORTUNITY

Marcus & Millichap has been selected to exclusively market for SALE or LEASE the fee simple interest in an approximate 10,000 square foot out-parcel building to the Westlake Plaza & Center located at the signalized intersections of Townsgate Road and South Westlake Boulevard, Westlake Village, CA 91361. The Property benefits from hard-corner visibility of the primary ring road and shares cross-access parking with the 263-room Hyatt Regency Hotel and the 286,000 square foot Westlake Plaza. Area retailers include Gelsons, Vons and Sprouts and wide range of specialty shops and daily needs services. 

The master planned Westlake Plaza and Center draws more than 4 million business travelers and local consumers annually. The affluent area touts a primary five-mile trade area of over 112,750 residents earning over $217,104 Average Household Income. The Westlake Village trade area lies at the western border of Los Angeles and Ventura Counties. The Canyons leading to the Pacific Ocean and Malibu further to the south, Moorpark and Simi Valley lie to the north, Agoura Hills, Calabasas, and the West San Fernando Valley lie to the east and Thousand Oaks, Newbury Park and Camarillo lie to the west of the Property.

• OUT PARCEL PAD – Gelsons, Vons, Sprouts, 263-room Hyatt Westlake, 276,00sf Westlake Plaza
• TOP RETAIL DESTINATION – Nearly 5 Million Consumer Visits Annually
• HIGH SALES PERFORMANCE – Restaurant Sales Trend $900/SF
• VALUE ADD – QSR Drive- Thru Potential, Lease-up, Redevelopment, Owner-user
• AFFLUENT TRADE AREA – 75K Daytime POP, EARNING $217K 20-minute Drive Time