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Westlake Business Park

Off-Market

2248 Townsgate Road, Westlake Village, CA 91361

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Industrial - Flex - Industrial
  • Property Size 52,749 SF
  • Lot Size 3.43 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1978

Location

  • Walk Score ® Somewhat Walkable (51)
  • Transit Score ® Some Transit (27)
  • Bike Score ® Somewhat Bikeable (46)
Powered by Walk Score ®
  • City Westlake Village, CA
  • Neighborhood Westlake Village
  • Zip Code 91361
  • Market Los Angeles

Points of Interest

Moorpark

8.92 miles

Shell

0.19 miles

Mobil

0.67 miles

Mobil

0.68 miles

Chevron

1.98 miles

Shell

2.61 miles

Alliance

2.67 miles

Arco

2.86 miles

Chevron

4.38 miles

Shell

4.41 miles

Speedway

4.43 miles

Westlake R.V. Storage

0.94 miles

Park and Ride

1.71 miles

Target driveup

2.53 miles

public parking

3.21 miles

public parking

3.23 miles

visitor parking

3.25 miles

public parking

3.31 miles

Sandstone Hills Trail Parking

3.42 miles

Kanan Road Park And Ride

4.43 miles

Rock Ridge Open Space Trail Head Parking

4.81 miles

Freddy's

0.22 miles

Stonefire Grill

0.48 miles

Chick-fil-A

0.52 miles

McDonald's

0.56 miles

Urban

0.63 miles

Veggie

0.64 miles

Paul Martin's

0.75 miles

Social monk

0.78 miles

Jamba Juice

0.86 miles

Marmalade

0.86 miles

Trader Joe's

0.67 miles

Ralphs

0.73 miles

Sprouts Farmers Market

0.77 miles

Gelson's

0.82 miles

Vons

0.83 miles

Lassen's Natural Foods

1.14 miles

Latino

2.12 miles

Smart & Final

2.40 miles

Target

2.58 miles

Ross

2.69 miles

CVS Pharmacy

0.89 miles

Los Angeles County Fire Department Station #144

1.77 miles

CVS Pharmacy

2.62 miles

Station 30

3.28 miles

CVS Pharmacy

3.43 miles

Los Angeles County Fire Department Station #89

3.91 miles

Los Robles Hospital & Medical Center

4.24 miles

CVS Pharmacy

4.45 miles

Los Angeles County Fire Department Station #65

5.06 miles

CVS Pharmacy

5.24 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Westlake Village

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Westlake Village Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $30.84
  • 2020 Office Vacancy Rate 18.76%
  • 2020 Office Completions (SF)

Westlake Village Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $221.50
  • Y-o-Y Avg. PpSF Change 2.07%
  • 2020 Office Sales Volume $155.5M
  • 2020 Number of Transactions 4
View more Westlake Village market trends

Tax

  • Property Tax in 2021-2022 $100,197
  • Market Value* $9,542,598
  • Assessed Value $9,542,598

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of Westlake Business Park?

Westlake Business Park totals 52,749 square feet.

When was this property built?

Westlake Business Park was built in 1978.

What is the property tax for Westlake Business Park?

The property tax for Westlake Business Park in 2021-2022 was $100,197.

What is the market value for Westlake Business Park?

The market value* for Westlake Business Park in 2021-2022 was $9,542,598.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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