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19809 Prairie Street
19809 Prairie Street, Chatsworth, CA 91311
89,971 SF | Office
Office Property - Off Market
- Building Size:
- 89,971 SF
- Property Type:
- Property Sub-type:
- Office Building
- Property Use Type:
- No. Stories:
- Building Class:
- Year Built:
- Lot Size:
- 2.49 AC
- APN / Parcel ID:
- Parking Ratio:
- 3 / 1,000 SF
- Listing ID
- Last Updated
- over 1 year ago
- 100% Washington Mutual leased, single tenant, triple net leased fee simple office investment opportunity.
- • Washington Mutual (Standard & Poor’s rated “A”) provides superb credit on a lease which expires in December 2009 with 2, 5 year options to extend.
- Attractive triple net lease with annual 3.5% fixed bumps and a fixed 3% management fee reimbursement.
- Available at an attractive discount to replacement cost in a mature infill area with tremendous physical and economic barriers to entry.
- Extremely healthy 7.3% current vacancy rate in the Los Angeles North market.
Institutional quality office building in an attractive master-planned park environment with free predominantly structure parking. 19809 Prairie is utilized as the Employee Service Center Building for Washington Mutual s campus. It is a central component to Washington Mutual s significant presence in Chatsworth. The building includes various special improvements including the employee cafeteria, an exercise facility, and various meeting rooms. 19809 Prairie is immediately adjacent to the focal point of Washington Mutual s Chatsworth campus, West Valley Corporate Center (aka WAMU Tower ). Lease commitments for Washington Mutual in this tower extend until 2011. 19809 Prairie provides a convenient location for employees of the Tower to easily access 19809 Prairie s essential functions. Attractive modern design, two story building with attractive two-story atrium lobby, 9-foot ceilings, structured parking, large efficient footplates, and an outdoor garden patio.
Centrally located in the San Fernando Valley and easily accessible by three major freeways: the 405 Freeway, the 101 Freeway, and the 118 Freeway. Approximately 1.3 million people live within a 10 mile radius of Chatsworth, providing Washington Mutual and other San Fernando Valley employers at this location with excellent access to a tremendous labor pool. 19809 Prairie is located within one mile of both the largest shopping mall in San Fernando Valley, the Northridge Fashion Center, as well as the Northridge Metrolink Station. Additionally, there is a Los Angeles County Courthouse within walking distance and California State University Northridge is approximately 2 miles away. Tenants are drawn to the area for convenient access to executive and moderately priced housing alternatives, proximity to a massive diverse labor pool, comparatively less traffic congestion, and a high quality of life. This contributes to the relatively large size of the typical Los Angeles North tenant when compared to many other Los Angeles submarkets, and is central to the reason Washington Mutual and other large companies office in the Los Angeles North market.
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P