CALABASAS CANYON CENTER - LoopNet...Holistic Veterinary Center, Calabasas Animal Clinic, Canyon...

C A L A B A S A S C A N Y O N C E N T E R F reeway Vi s ib le Mul t i - tenant Reta i l & Of f ice Investment

This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage are approximate.

References to neighboring retailers are subject to change, and may not be adjacent to the vacancy being marketed either prior to, during, or after leases are signed. Lessee must verify the information and bears all risk for any inaccuracies.

Carter Andrews

Associate | BRE# 01975444

ext.132, [email protected]

EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay

Vice President | BRE# 01837719


Todd Nathanson

President | BRE# 00932779


C A L A B A S A S C A N Y O N C E N T E R Conf ident ia l i ty and Di sc la imer



Carter Andrews



EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay



Todd Nathanson



The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be

reviewed only by the party receiving it from illi Commercial Real Estate and should not be made available to any other

person or entity without the written consent of illi Commercial Real Estate. This Marketing Brochure has been prepared to

provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the

subject property. The information contained herein is not a substitute for a thorough due diligence investigation. illi

Commercial Real Estate has not made any investigation, and makes no warranty or representation, with respect to the

income or expenses for the subject property, the future projected financial performance of the property, the size and

square footage of the property and improvements, the presence or absence of contaminating substances, PCB's or asbestos,

the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial

condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject

property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable;

however, illi Commercial Real Estate has not verified, and will not verify, any of the information contained herein, nor has illi

Commercial Real Estate conducted any investigation regarding these matters and makes no warranty or representation

whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate

measures to verify all of the information set forth herein.

The subject property contains operating businesses. Do not disturb tenants or speak with staff of businesses about this offering.

illi Commercial Real Estate is pleased to present an opportunity to purchase the Calabasas Canyon Center, an exceptional

multi-tenant commercial property located along the 101 Freeway at the Las Virgenes Road exit. The site consists of two

buildings, on two adjacent parcels, including retail, convenience, and office units, as well as an AT&T cell tower.

The Shopping Center, which was built circa 1989-1990 with a combined Building Area of 13,839 SF situated on 38,468 SF of

Commercially Zoned land offers a prime location with direct visibility and access to both the 101 Freeway and Las Virgenes

Road, one of the main thoroughfares in Calabasas, one of the most affluent and desirable suburbs of Los Angeles.

With long-term tenants, recent exterior paint and shopping center improvements, Calabasas Canyon Center is available for

purchase at an asking price of $6,125,000, offering investors ease of management and steady income.

C A L A B A S A S C A N Y O N C E N T E R I nvestment Overv iew



Carter Andrews



EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay



Todd Nathanson



EXCELLENT LOCATION ON LAS VIRGENES ROAD AND THE 101 FREEWAY

Highly visible to traffic along the 101 Freeway, the property is located

directly adjacent the on & off ramps at Las Virgenes Road.

HIGH TRAFFIC COUNTS

Daily traffic counts of approximately 34,000 vehicles per day on

Las Virgenes Road and 185,000 cars per day on the 101 Freeway.

DAYT IME WORKING POPULAT ION

Great medical and professional neighbors along the 101 Freeway

Corporate Corridor, with nearly 10,000 white-collar employees

within a 1-mile radius.

LONG-TERM STABLE TENANTS

Established retail and office tenants offer a stable income stream,

with upside potential in future rent growth.

AFFLUENT COMMUNITY

Strong suburban demographics with average household incomes

ranging from nearly $113,000—$135,000 in a 1 to 5-mile radius.

CALABASAS LOCATION

Proximate and well situated to serve the communities of

Calabasas, Agoura Hills, Hidden Hills, Westlake, and Woodland Hills.

C A L A B A S A S C A N Y O N C E N T E R Property H ighl ights



Carter Andrews



EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay



Todd Nathanson



CALABASAS CANYON CENTER

4937 Las Virgenes

2 Parcels

4955 Las Virgenes

Tenants Malibu Liquor &

Elegant Look Beauty Salon

Holistic Veterinary Center, Calabasas Animal Clinic,

Canyon Medical Center & Urgent Care, Dentist

Property Type Convenience Store Retail / Office

Approx. Building Size 2,835 SF 11,004 SF

Approx. Lot Size 0.52 AC/ 22,647 SF 0.36 AC/ 15,821 SF

Zoning & Year Built CSCR-SC* - 1990 CSCR-SC - 1989

Parcel Number 2064-001-027 2064-001-028

Parking 10 free Surface Spaces are available; Ratio of 8.53/1,000 SF 20 Surface Spaces are available; Ratio of 1.82/1,000 SF

Frontage 120' on Las Virgenes 237' on Las Virgenes Rd & 279' on US- 101 Freeway

C A L A B A S A S C A N Y O N C E N T E R S i te Deta i l s



Carter Andrews



EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay



Todd Nathanson



C A L A B A S A S C A N Y O N C E N T E R F inancial Analys i s



Approximate GLA (Building SF) 13,839

Approximate Land Area 38,468

NOI After Sale $285,484

Sale Price $6,125,000

CAP Rate 5.04%

Pro Forma CAP Rate 9.65%

Price/SF (Building) ± $443

Price/SF (Land) ± $159

*Est After Sale **Pro Forma

Income $ 451,892 $ 734,267

Expense $ (143,439) $ (143,439)

Net Income $ 308,453 $ 590,828

Cap At Sale Price 5.04% 9.65%

*Based on 2017 Year End P&L, Tenant Detail Reports + Tax after sale at

Proposed Price

**Based on Average of $3.00/sf Net Rents

Carter Andrews



EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay



Todd Nathanson



C A L A B A S A S C A N Y O N C E N T E R Recent l y So ld Comps



Carter Andrews



EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay



Todd Nathanson



Address City Property Size (SF) Sale Price Sale Price / SF Cap Rate

1 4444 Lankershim Blvd North Hollywood 23,807 $ 10,500,000 $ 441 5.50%

2 252 W. Los Angeles Ave Moorpark 19,556 $ 7,600,000 $ 389 6.00%

3 13305-29 Moorpark St Sherman Oaks 13,265 $ 7,000,000 $ 528 5.00%

4 389 E. Thousand Oaks Thousand Oaks 7,143 $ 2,800,000 $ 392 4.71%

5 18501-17 Ventura Blvd Tarzana 8,768 $ 5,900,000 $ 673

6 20929 Ventura Blvd Woodland Hills 12,000 $ 5,604,332 $ 467

7 12080 Ventura Pl Studio City 13,106 $ 7,000,000 $534

Average 13,949 $ 6,629,190 $ 489 5.30%

C A L A B A S A S C A N Y O N C E N T E R Communi ty H igh l ights and Demographics



Calabasas is one of the most affluent and sought after

communities in Greater Los Angeles. In addition to being a

suburban residential oasis, the city has also become a hub for

many luxury retailers, fine dining restaurants, hotels, and

professional office users.

Real Estate investors are drawn to Calabasas, as is evident by the

numerous development projects in its pipeline. The Las Virgenes

corridor is particularly primed for considerable economic growth

through new developments and upgrades to existing projects.

Within a few blocks of the Calabasas Canyon Center, Paxton

Calabasas will bring 78 new luxury townhomes, while the West

Village at Calabasas will bring 180 more residential units and

approximately 6,000 square feet of retail, restaurant and outdoor

community gathering facilities.

With its recent off-market acquisition of the Calabasas Corporate

Center, Majestic Asset Management plans to modernize the

325,016 square foot office complex with creative finishes and

improved outdoor common areas, in an effort to attract new

tech, media and bioscience tenants.

Slated to open in 2019, Choice Hotels International and

Weintraub Real Estate recently unveiled plans for a new 121-

room Cambria Hotel along the 101 Freeway, offering top notch

amenities for both leisure and business travelers alike.

DEMOS 1 mile 3 mile 5 mile

Population 12,593 61,872 145,064

Avg. HH Income $117,136 $128,753 $136,382

Daytime Pop. 2,675 24,314 45,273

Traffic Count ±40,000 cars per day

Carter Andrews



EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay



Todd Nathanson



C A L A B A S A S C A N Y O N C E N T E R Aer ia l V iew



Carter Andrews



EXCLUSIVE AGENTS

(818) 501-2212

Greg Offsay



Todd Nathanson



CALABASAS CANYON CENTER - LoopNet...Holistic Veterinary Center, Calabasas Animal Clinic, Canyon...

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