Westshore Medical Plaza

Off-Market

1240 South Westlake Blvd, Westlake Village, CA 91361

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

  • Property Type Office - Medical Office
  • Property Size 57,249 SF
  • Lot Size 2.97 Acre
  • Parking Spaces Avail. 228
  • Parking Ratio 4.00 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1988

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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Brokers

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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.

  • 2021 Avg. Asking Rent $29.52
  • 2021 Office Vacancy Rate 23.93%
  • 2021 Office Completions (SF)

Westlake Village Office Sales Trends

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

  • 2021 Avg. Price per SF $255.77
  • Y-o-Y Avg. PpSF Change 16.72%
  • 2021 Office Sales Volume $103.3M
  • 2021 Number of Transactions 5
View more Westlake Village market trends

Location

Getting Around

  • Walk Score ®

    38/100 Car-Dependent
  • Transit Score ®

    26/100 Some Transit
  • Bike Score ®

    40/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Westlake Village, CA
  • Neighborhood Westlake Village
  • Zip Code 91361
  • Market Los Angeles

Points of Interest

  • Moorpark

    9.66 miles

  • Mobil

    0.69 miles

  • Shell

    0.91 miles

  • Chevron

    1.83 miles

  • Shell

    3.00 miles

  • Alliance

    3.09 miles

  • Arco

    3.35 miles

  • Chevron

    4.35 miles

  • Speedway

    4.39 miles

  • Shell

    4.42 miles

  • 76

    5.57 miles

  • Westlake R.V. Storage

    1.46 miles

  • Park and Ride

    2.19 miles

  • Target driveup

    2.48 miles

  • public parking

    3.63 miles

  • visitor parking

    3.66 miles

  • Sandstone Hills Trail Parking

    3.98 miles

  • Kanan Road Park And Ride

    4.41 miles

  • Rock Ridge Open Space Trail Head Parking

    5.29 miles

  • BORCHARD ROAD Park And Ride

    5.69 miles

  • Sandstone Peak Trailhead Parking

    5.74 miles

  • Four Seasons Hotel

    1.95 miles

  • Residence Inn

    2.02 miles

  • Best Western Plus Thousand Oaks Inn

    3.11 miles

  • Hampton Inn & Suites Agoura Hills

    3.18 miles

  • Sheraton Agoura Hills

    3.35 miles

  • Malibu Rocky Oaks Estate Vineyards

    3.61 miles

  • Courtyard Mar

    3.99 miles

  • Wellfit Malibu

    4.08 miles

  • Calamigos Ranch

    4.13 miles

  • Homewood Suites

    4.70 miles

  • Jamba Juice

    0.72 miles

  • Togo's

    0.72 miles

  • Freddy's

    0.94 miles

  • Zin Bistro Americana

    1.07 miles

  • Boccaccio's

    1.11 miles

  • Paul Martin's

    1.14 miles

  • Marmalade

    1.16 miles

  • Social monk

    1.17 miles

  • McDonald's

    1.17 miles

  • Chick-fil-A

    1.18 miles

  • Carden Conejo School

    0.35 miles

  • Westlake Elementary School

    0.83 miles

  • Saint Jude the Apostle School

    1.27 miles

  • White Oak Elementary School

    1.41 miles

  • Westlake Hills Elementary School

    1.45 miles

  • Westlake High School

    1.53 miles

  • Little Oaks School

    1.54 miles

  • Conejo Elementary School

    2.06 miles

  • Hillcrest Christian School

    2.33 miles

  • Ascension Lutheran School

    2.35 miles

  • KinderCare Thousand Oaks

    4.36 miles

  • Little Steps Preschool

    6.78 miles

  • Woodcrest Preschool

    6.86 miles

Frequently Asked Questions

What is the total square footage of Westshore Medical Plaza?

Westshore Medical Plaza totals 57,249 square feet.

When was this property built?

Westshore Medical Plaza was built in 1988.

What is the property tax for Westshore Medical Plaza?

The property tax for Westshore Medical Plaza in 2022-2023 was $208,183.

What is the market value for Westshore Medical Plaza?

The market value* for Westshore Medical Plaza in 2022-2023 was $19,897,158.
*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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