NAI Capital Completes Warner Center Office Building Sale in Woodland Hills, CA
Los Angeles, CA, August 14, 2018– Senior Vice President Cathy Scullin with NAI Capital’s Encino office negotiated the sale of a 13,765 square foot office building in Woodland Hills, CA. Cathy represented the seller, FH Exchange, LLC. The buyer was WOOFA, LLC. Price was undisclosed.
The office building is located at 21050 Califa St. It is a single story office building situated in the heart of Warner Center 2035 Plan, a master-planned area within the West San Fernando Valley. Built in 1980, the freestanding office building sits on over an acre (46,778 square feet) of land. It features free surface parking and great street visibility. In addition to local area amenities like the Westfield Malls, restaurants, banking and retail stores the building is in a premium location in Warner Center Business Park with immediate access 101 Freeway. The property was 100% vacant at the time of the sale. The new owner plans to occupy the entire building and hold it as a long term investment.
Cathy said, “This was a tremendous opportunity for an owner/user to purchase a building that is exquisitely improved with high-end finishes in a great live, work, play location. Small office buildings for sale are hard to find and sell for a premium when they come on the market.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
# # #