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Staples -Irreplaceable Warner Center Location 21825 Erwin St 18,210 SF Retail Building Woodland Hills, CA 91367 $7,885,000 ($433.00/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Adjacent from Rams Village Development
- Opportunity Zone
- In the Heart of Warner Center
EXECUTIVE SUMMARY
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 21825 Erwin Street, an 18,210 square foot trophy, single-tenant, net-leased Staples situated on 1.16 acres (50,573 SF) of land in the highly affluent Warner Center in Woodland Hills, CA. The subject property is ideally positioned on Erwin Street, just east of Topanga Canyon Boulevard between Westfield Topanga Village and the proposed $10 billion Rams Village mixed-use development.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Department Store
Building Size
18,210 SF
Building Class
B
Year Built
1978
Price
$7,885,000
Price Per SF
$433.00
Cap Rate
7.25%
NOI
$571,663
Tenancy
Single
Building Height
1 Story
Building FAR
0.36
Lot Size
1.16 AC
Opportunity Zone
Yes
Zoning
(WC) C4-165 1.5
Parking
168 Spaces (9.23 Spaces per 1,000 SF Leased)
Frontage
203’ on Erwin St
AMENITIES
- Signage
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2146-029-005 | Improvements Assessment | $1,023,409 |
| Land Assessment | $2,330,068 | Total Assessment | $3,353,477 |
PROPERTY TAXES
Parcel Number
2146-029-005
Land Assessment
$2,330,068
Improvements Assessment
$1,023,409
Total Assessment
$3,353,477
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Staples -Irreplaceable Warner Center Location | 21825 Erwin St
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