6400 VARIEL AVENUE Westfield Village

FOR SALE/FOR LEASE | RARE WARNER CENTER INDUSTRIAL/FLEX PROPERTY IDEAL SINGLE OR MULTI-TENANT OWNER-USER, DEVELOPMENT, AND/OR INVESTMENT

OFFERING MEMORANDUM

VARIEL 6400 AVENUE Woodland Hills, CA 91367 SOUTHWEST FACING

6041 VARIEL AVENUE 263-Unit Mixed-Use 6036 VARIEL AVENUE Multifamily Development Proposed Mixed-Use Multifamily Development

6233 VARIEL AVENUE South Bay Partners Senior Housing Project Under Construction

6109 DE SOTO AVENUE Entitled 358-Unit Mixed-Use Multifamily Development

Q EAST 241-Unit Mixed-Use Multifamily Development 6330 VARIEL AVENUE Proposed 395-Unit Mixed-Use VARIEL AVE Multifamily Development

DEVELOPMENT PROJECTS ON VARIEL AVENUE NEW TENANTS ON VARIEL AVENUE WESTFIELD PROMENADE REDEVELOPMENT TABLE OF CONTENTS

SECTION 1 Executive Summary ...... 11 Property Overview ...... 13 Sale Opportunity ...... 14 PROMENADE Lease Opportunity ...... 15 Ideal Building for COVID-19 Environment...... 16 Parcel Map ...... 18 SECTION 2 Warner Center 2035 Plan ...... 21 Warner Center Districts ...... 22

SECTION 3 Warner Center Area Overview ...... 25 Warner Center Industrial/Flex Overview ...... 26 Local Tenants & Businesses ...... 28 Westfield Promenade ...... 30 6400 VARIEL AVENUE Westfield Village ...... 31 Multifamily & Senior Housing Developments ...... 32 Transportation ...... 34 Demographics ...... 35

EXCLUSIVE AGENT

JEFFREY A. GOULD, CCIM, CPM, LEED AP Dir. +1 818 737 1088 | Mob. +1 805 390 0884 [email protected] CA BRE License No. 01437048 WEST FACING

PROMENADE

6233 VARIEL AVENUE South Bay Partners Senior Housing Project Under Construction

VARIEL AVE

6330 VARIEL AVENUE Proposed 395-Unit Mixed-Use Multifamily Development

6400 VARIEL AVENUE

DEVELOPMENT PROJECTS ON VARIEL AVENUE NEW TENANTS ON VARIEL AVENUE WESTFIELD PROMENADE REDEVELOPMENT

4 | Lineage Asset Advisors TOPANGA

ROCKETDYNE THE VILLAGE Proposed Master Planned Development

6400 CANOGA AVENUE Proposed Multifamily Development ORANGE LINE BUS STATION

VICTORY BLVD

21200 VICTORY BLVD Future Mixed-Use Development

6400 Variel Avenue | Page 5 NORTHEAST FACING

6606 VARIEL AVENUE 271-Unit Multifamily Development

ORANGE LINE

VICTORY BLVD

21200 VICTORY BLVD Future Mixed-Use Development

DEVELOPMENT PROJECTS ON VARIEL AVENUE NEW TENANTS ON VARIEL AVENUE WESTFIELD PROMENADE REDEVELOPMENT

6 | Lineage Asset Advisors ORANGE LINE BUS STATION

6400 VARIEL AVENUE

VARIEL AVE

6330 VARIEL AVENUE Proposed 395-Unit Mixed-Use Multifamily Development

6400 Variel Avenue | Page 7 SOUTHEAST FACING

6400 VARIEL AVENUE

8 | Lineage Asset Advisors 6330 VARIEL AVENUE Proposed 395-Unit Mixed-Use Multifamily Development

VARIEL AVE

6400 Variel Avenue | Page 9 SECTION 1 EXECUTIVE SUMMARY & HIGHLIGHTS

10 | Lineage Asset Advisors EXECUTIVE SUMMARY

Lineage Asset Advisors, Inc. has been retained as the exclusive advisor for the sale or lease of 6400 Variel Avenue located in Woodland Hills (Warner Center), California. This rare and high quality ±28,903 square foot industrial/flex building includes ±23,325 square feet of ground floor industrial/office and ±5,578 square feet of mezzanine office or storage. 6400 Variel is situated on ±1.10 acres of land in the heart of the burgeoning Warner Center market where major mixed-use, retail, and multifamily redevelopment is occurring all around the subject property. This asset offers owner-users, investors, and/or developers a rare opportunity to acquire a property that is well positioned to capitalize on the current and future growth of the Warner Center market. The property was originally built as a multi- tenant industrial building with the flexibility to divide into at least three separate units. The building has ±22 foot ceilings and four ground- level roll-up doors and offers ±58 parking spaces (two spaces per 1,000 square feet). The property includes 800 amps/277-480 volts and 3-phased power and has HVAC throughout the entire building.

PLEASE DO NOT DISTURB CURRENT TENANT. ALL TOURS MUST BE SCHEDULED THROUGH LINEAGE ASSET ADVISORS.

Located within the College District of the Warner Center Specific Plan, 6400 Variel is surrounded by high density mixed-use multifamily projects that are taking the place of low-rise industrial and office buildings.The diminishing supply of low-rise industrial and office buildings in arnerW Center will only create more demand opportunities for tenants in this market and will likely drive rents higher for properties such as 6400 Variel. Further, the property is located within one block of the Orange Line Rapid bus station (located on De Soto and Victory) allowing future users and/ or tenants to benefit from the walkable public transit. Additionally, with the recent redevelopment of the Westfield Village retail mall and the future development of the Westfield Promenade and Rocketdyne sites, the amenities around this property will only continue to get better.

6400 Variel Avenue | Page 11 VARIEL AVE 12 | Lineage Asset Advisors PROPERTY OVERVIEW

6400 Variel Avenue ADDRESS Woodland Hills, CA 91367

APN 2149-003-017

±28,903 SF and ±5,578 SF BUILDING SIZE of mezzanine

YEAR BUILT 1979

Industrial/flex office with mezzanine office PROPERTY TYPE & storage

TENANCY Single or multi-tenant

CONSTRUCTION TYPE Tilt-up

BUILDING HEIGHT ±25’

CEILING HEIGHT ±22’

±58 surface spaces PARKING (Ratio:2.00/1,000 SF)

POWER 800 Amp, 277-480V 3 Phase

DRIVE-IN DOORS Four grade-level doors | 10’W x 14’H

LAND SIZE ±47,916 SF | ±1.10 AC

ZONING LAWC - Warner Center Specific Plan

6400 Variel Avenue | Page 13 SALE OPPORTUNITY

INVESTMENT HIGHLIGHTS

Rare high-quality Warner Center industrial owner-user, investment, and/or redevelopment property

Approximately 28,903 SF industrial/office building on 1.10 acres of land

Excellent building specifications including HVAC throughout, ground-level loading doors, and recently upgraded parking lot

Ideal for owner-user corporate headquarters & perfect single-use post COVID building – light industrial, e-commerce, creative, entertainment, lab, and/or flex uses

Situated in the College District of the Warner Center Specific Plan and next door to high density mixed-use redevelopment projects

Nearly no remaining quality industrial properties in Warner Center due to redevelopment – high demand location

Conveniently located one block from the Orange Line transit station and near major amenities including retail, hospitality, housing, and offices

Historically low interest rates for traditional and SBA financing make this an ideal opportunity to acquire and hold long-term – inquire with exclusive agent about financing

PRICING SUMMARY

ASKING PRICE PRICE PSF (BUILDING) PRICE PSF (LAND) $8,950,000 $310 PSF $187 PSF

14 | Lineage Asset Advisors LEASE OPPORTUNITY LEASE HIGHLIGHTS

Rare high-quality light industrial building with four loading docks, 22-foot ceilings, front office, and HVAC throughout

Ideal for single-tenant light industrial flex users looking to locate into Warner Center and be in the heart of thousands of residential units and businesses

Perfect building in a Post-COVID era for single-tenant use

Easy access to the 101 freeway and Orange Line local transit for employees

Increasing demand from uses like lab, bio-tech, entertainment, and R&D facilities in the area

Walking distance to all local retail and hospitality amenities

Owner would consider multi-tenant uses on a case-by-case basis

LEASE SUMMARY

ASKING LEASE RATE LEASE TYPE $1.40 PSF NNN

OWNER’S FIRST PREFERENCE OWNER’S SECONDARY PREFERENCE Single-tenant to lease entire building Multi-tenant to lease individual units from 5,000 SF to 12,000 SF

6400 Variel Avenue | Page 15 IDEAL BUILDING FOR COVID-19 ENVIRONMENT

SINGLE-TENANT BUILDING WITH MULTI-TENANT PERKS: USERS CAN CONTROL THEIR OWN ENVIRONMENT

DIRECT AND SEPARATE ACCESS POINTS TO ALL UNITS – USEFUL FOR SEPARATING DEPARTMENTS

DEDICATED ON-SITE PARKING

NO COMMON AREA CORRIDORS

Lobby Hallway

16 | Lineage Asset Advisors Office 1 Warehouse 1

Receiving

6400 Variel Avenue | Page 17 PARCEL MAP

APN: 2149-003-017

18 | Lineage Asset Advisors 6400 Variel Avenue | Page 19 SECTION 2 WARNER CENTER ZONING & LAND USE

*Source: Urbanize LA

20 | Lineage Asset Advisors WARNER CENTER 2035 PLAN

The purpose of the Warner Center 2035 Plan The Warner Center 2035 Plan will create a vibrant and (“WC 2035 Plan”) is to create a vital mixed-use, vital TOO. As such, the success of this TOO depends transit-oriented district (TOO) for the Plan area upon several guiding principles to synergize economic and surrounding communities. The Plan’s strategic development over the life of the Plan. provisions are intended to achieve a future state for the Plan area in which Warner Center’s city streets are energized with the activity of many uses proximate to each other. Enhanced infrastructure KEY ELEMENTS OF THE PLAN is intended to provide residents easy access to a broad range of transit and “small, slow vehicle” options. Green, dynamic and eco-friendly streets are A growth strategy that encourages and required to be inviting and walkable with retail and incentivizes infill development and other Non-Residential uses at ground level with work redevelopment of existing properties. or living space above.

Built in flexibility in the plan to allow Though Warner Center is planned as a collection of developers to design projects that fit neighborhoods, none shall be left disconnected or within the community and don’t require ignored. Low-emission public transit will be available variances or other lengthy and for shuttling among its Districts and eventually unpredictable approvals. to adjacent communities. Transit will reliably connect all parts of Warner Center and be easily Promotion of green building standards accessible to the young, the old and those who are that foster smart and sustainable physically challenged. Activated street frontages and growth. intersections will support pedestrian use of the transit system. Drafted over an eight year collaborative process that involved a broad range of The expanded Metro Orange Line will be one of community involvement and ultimate Warner Center’s primary connections to the region, support for the approved plan. making daily work commutes and other trips car-free. Buildings are to be designed around Pedestrian- *Source: Warner Center Association Adapted Pathways and Publicly-Accessible Open Spaces with all sidewalks shaded, comfortable and walkable. 6400 Variel Avenue | Page 21 WARNER CENTER DISTRICTS DIVISION OF DISTRICTS

The WC 2035 Plan divides Warner Center into eight districts, each with its own development guidelines, identity and character. 6400 Variel Avenue is positioned in the College district.

THE UPTOWN DISTRICT High quality mixed-use district adjacent to the Canoga Orange Line Station. Envisioned for existing and new large-scale office, residential & hotel uses.

THE RIVER DISTRICT Will consist of properties along the river and add new pedestrian and bicycle paths.

THE NORTH VILLAGE DISTRICT Served by the Canoga and De Soto Metro Stations, will combine residential with transit-oriented development.

THE COLLEGE DISTRICT Served by the De Soto and new Oxnard Street Orange Line stop, will focus on live-work projects and smaller developments while retaing its industrial flavor.

THE COMMERCE DISTRICT Served by the Oxnard Street Station, will become a secondary job center to the Downtown District.

THE PARK DISTRICT Largely built-out with two- and three-story townhomes and flats, both for-sale and rental oriented along tree-lined streets.

THE TOPANGA DISTRICT Will only allow non-residentail uses.

THE DOWNTOWN DISTRICT Will focus on entertainment uses and encourage mixed-use developments.

22 | Lineage Asset Advisors COLLEGE DISTRICT | DEVELOPMENT STANDARDS

Warner Center’s College District is generally bounded by Victory Boulevard to the north, De Soto Avenue to the east, Oxnard Street to the south, and a northsouth line located between and parallel to Canoga Avenue and Variel Avenue to the west. The College district is intended to provide a work-live environment that incorporates new residential development while retaining the history of industrial uses on properties. It is intended that new buildings will have higher level designs that are pedestrian friendly. A base maximum FAR of 4.5:1 is permitted for all lots within this district.

COUNCIL DISTRICT Council District No. 3 - Bob Blumenfield

COMMUNITY PLAN Canoga Park - Winnetka - Woodland Hills - West Hills

Include, but not limited to: civic (hospitals, libraries), hybrid industrial, hotel, residential, retail (restaurants, retail/general USES merchandise stores, art gallery), service industry (medical and dental offices, banks, and other neighborhood-serving services), and general office

FAR 4.5:1

Unlimited, provided that all dwelling units are at least 300 SF DENSITY & cumulative total DUs in Plan area remains under 26,048 SF

Unlimited, but any building over 75 feet may be subject to HEIGHT additional conditions per Mitigation Monitoring Program

SETBACKS Front setback of 12 feet required (20 ft max. setback) Residential Uses - Min. 1 parking stall per unit, max. 2 stalls per unit. Projects with over 100 units are exempt from providing guest stalls PARKING Commercial Uses - Min. 2 stalls per 1,000 SF, max.4 stalls per 1,000 SF. Mixed-use projects are subject to parking regulations in proportion to division of residential and nonresidential uses; shared parking may be permitted

6400 Variel Avenue | Page 23 SECTION 3 WARNER CENTER AREA OVERVIEW

24 | Lineage Asset Advisors WARNER CENTER OVERVIEW

Warner Center is one of Los Angeles’ largest urban developments, offering a sweeping complex of WARNER CENTER’S CHARACTER office parks, high-rises, apartments, and shopping ACCESSIBLE PUBLIC TRANSIT centers. It is home to approximately 20,000 residents and employs more than 50,000 people. Transit reliably connects all parts of War- Known as the central business district of the San ner Center and is easily accessible. The expanded Orange Line from Universal City Fernando Valley, the district combines a mix of reaches as far as downtown making many office buildings, hotels, world class restaurants, daily work commutes car-free. shopping centers, and business parks. SAFE & FRIENDLY PEDESTRIAN ENVIRONMENT Warner Center is poised to undergo profound changes as commercial development expands Buildings are designed around parks and all sidewalks in Warner Center are shaded, over the next two decades. With the advent of comfortable and highly walkable with exten- the Warner Center 2035 Plan, Warner Center is sive bike and pedestrian paths. quickly becoming one of the fastest growing submarkets in the country. The Warner Center 2035 SUSTAINABILITY Plan increases the floor area ratio of sites within the Warner Center is committed to maintain and designated boundaries to 4.5:1 FAR with unlimited expand green areas and the further installa- height restrictions. The plan is a development tion of native trees (particularly Sycamores). blueprint for Warner Center that emphasizes mixed- Warner Center will install more dog parks use and transit-oriented development, walkability, with night lighting. and sustainability. The Plan seeks to create an environmentally, socially, and economically JOB DIVERSITY sustainable center for the West Valley. Warner Center supports business, commercial, and light industrial activity to generate a The Warner Center 2035 Plan will allow the addition variety of jobs for its local community. of more than 37 million square feet of business and residential buildings to Warner Center by 2035. COMMUNITY CONNECTEDNESS Within the immediate area, over 14 million square Cultural resources and events such as feet of nonresidential building area and 200,000 museums, theatres, nature centers have residential units are projected, along with the brought a diversity of art to Warner Center creation of over 80,000 new jobs. and have offered a way for the community to come together.

6400 Variel Avenue | Page 25 WARNER CENTER INDUSTRIAL/FLEX OVERVIEW

QUALITY WARNER CENTER INDUSTRIAL/FLEX PROPERTIES ARE IN EXTREMELY LIMITED SUPPLY

The industrial/flex real estate market in the Woodland Hills/Warner Center area continues to see a limited supply of buildings with limited vacancy (2% vacancy rate) due, in large part, to the redevelopment that is occurring in the submarket. The limited supply is especially true for quality industrial/flex buildings in the area, and tenants are willing to pay a premium in rent for Warner Center beyond what they would pay in submarkets like Canoga Park and Chatsworth.

Further, many of the industrial buildings in Warner Center on transforming streets like Variel Avenue are being converted and/or used for quasi-industrial uses like commercial kitchens, medical, pet/vet hospitals, life science/bio-tech, senior housing, software/computing, creative office, and media and entertainment related uses instead of traditional industrial uses.

Additional uses that continue to be in high demand in the area include e-commerce, quasi-retail, showroom, and other quasi-industrial uses that require storage. The general lack of industrial supply in the area has allowed landlords to keep rents stable for quality industrial/flex projects as evidenced by recent leasing that has occurred such as the US Postal Service lease of ±52,500 SF at 21200 Oxnard Street which recently leased for $1.50 PSF/NNN.

Over the past year, there has been about 86,000 SF of net positive absorption in industrial leasing in the area (according to Costar). See next page for Costar metrics on the Woodland Hills/Warner Center industrial real estate market as of September 2020.

*Source: CoStar

26 | Lineage Asset Advisors TOTAL NUMBER OF INDUSTRIAL/FLEX BUILDINGS 42 BUILDINGS

TOTAL INDUSTRIAL/FLEX SQUARE FOOTAGE ±1,300,000 SF

TOTAL VACANT SQUARE FOOTAGE 25,800 SF

TOTAL VACANCY PERCENTAGE 2% (DROP OF 8.5% YEAR OVER YEAR)

NET ABSORPTION 86,000 SF (+226%)

6400 Variel Avenue | Page 27 LOCAL TENANTS & BUSINESSES

LOCAL TENANTS & BUSINESSES 1 Home Depot 13 AIG Capital Services 2 Kaiser Permanente Deloitte 3 Blue Shield of California SFV Business Journal Zurich Aerotek 1 ADP 14 Health Net LLC 3 6 Dassault Systemes 15 Zenith Insurance Company 4 7 9 4 Best Buy 16 US Postal Service 8 5 5 Nordstrom Rack 17 California Highway Patrol 1 1 3 6 Bed Bath & Beyond 18 Terasaki Institute 10 7 DSW Designer Shoe Warehouse 19 Ralphs 2 6400 VARIEL AVE 18 8 Costco 20 Whole Foods Market 2 9 The UPS Store 21 Trader Joe’s 11 10 Office Depot 22 Target 16 13 15 12 17 14

WESTFIELD PROPERTIES 1 Village at Topanga

19 2 Westfield Promenade Westfield Topanga & The Village 20 3 21 22

28 | Lineage Asset Advisors 6400 Variel Avenue | Page 29 WESTFIELD PROMENADE

Located at the corner of Topanga Canyon and Oxnard Boulevard, at the Promenade Mall site, the $1.5 billion project calls for the construction of an urban district with nearly 1,400 residential units, 280,000 square feet of shops and restaurants, 731,500 square feet of office space and 572 hotel rooms.

WORK Promenade 2035 understands that the way we work is continually evolving, as are the needs of businesses. With approximately over 730,000 square feet of creative office space, Class A office, and work/live space, the Project creates new and dynamic work solutions for our community while connecting start-ups with established businesses in various working spaces.

LIVE Whether you are an artist seeking a work/live gallery space, a young family, a local teacher, police officer or an empty nester, Promenade 2035 offers the home and quality of life you’re looking for. Come home to beautifully appointed homes, approximately 1,400 units, with attention given to the smallest of details, all in a park-like setting.

ENJOY Promenade 2035 prides itself on its programming and open space. Engaging employees who work at Promenade 2035, residents and visitors is vital to not only our project but also the Warner Center Plan itself. This project features acres of open space with hundreds trees and includes green roofs for residential use. At Promenade 2035 there are many ways to enjoy and unwind.

*Source: promenade2035.com

30 | Lineage Asset Advisors WESTFIELD VILLAGE

The Village at Westfield Topanga is approximately 30.18 acre and is generally bounded by Victory Boulevard to the north, Owensmouth Avenue to the east, Erwin Street to the south, and Topanga Canyon Boulevard to the west. It would include the phased development of approximately 444,744 square feet of shopping center uses including approximately 165,759 square-foot anchor retailer, which would support an ancillary member-only fueling station, and approximately 278,985 square feet of shopping center retail space. In addition, the Project would include a 275-room hotel with ground floor dining and retail uses, which would consist of approximately 193,000 square feet, 53,635 square feet of restaurant uses, an approximately 36,785 square-foot grocery store, approximately 285,000 square feet of office uses, and approximately 14,250 square feet of community/ cultural center uses. The Project includes an option to convert a portion (approximately 53,900 square feet) of approximately 278,985 square feet of shopping center retail space to an approximately 2,200 seat movie theater. The proposed Project would also include surface parking and multi-level parking facilities providing approximately 3,362 parking spaces upon full build-out of the Project. Approximately 6.37 acres of landscape/hardscape open space acres would be provided within the project site.

6400 Variel Avenue | Page 31 MULTIFAMILY & SENIOR HOUSING DEVELOPMENTS OVER 4,000 MULTIFAMILY UNITS COMING TO WARNER CENTER IN THE NEXT FIVE TO TEN YEARS

5 6

6 3 VARIEL AVE 1 TOPANGA

VICTORY BLVD 1 2 6400 VARIEL AVE 8 CANOGA BLVD

THE VILLAGE 2

ERWIN ST 3 5 1

PROMENADE 4 4

OXNARD ST

DE SOTO AVE TOPANGA CANYON BLVD

7 2

7 32 | Lineage Asset Advisors UNDER CONSTRUCTION Address | Project Developer No. of Units Est. Completion 1 6606 Variel Ave. | Evolution Evolution Strategic Partners 277 2020 2 6233 Variel Ave. South Bay Partners 336 Q1 2022 3 Erwin St. & Variel Ave. | Q East California Homebuilders 241 Q4 2020 4 6041 Variel Ave. BCEGI International 263 2020 5 21425 Vanowen St. | Mira CityView 174 2020 6 6636 Variel Ave. The Hanover Company 395 2021 7 22121 Clarendon St. | The Clarendon AMCAL Housing 335 Completed in 2020

PROPOSED Project | Address Developer No. of Units Est. Completion 1 21200 Victory Blvd. NA TBD TBD 2 6400 Canoga Ave. Sandstone Properties 610 NA 3 Rocketdyne NA TBD TBD 4 6036 Variel Ave. NA TBD TBD 5 21050 Erwin St. NA 200 2021 6 6801 Canoga Ave. | River Point Panoptic Development 154 2021 7 Canoga Ave.& Burbank Blvd. Spieker Senior Development Partners 695 TBD 8 6330 Variel Ave. Sandstone Properties 395 TBD

ENTITLED Project | Address Developer No. of Units Est. Completion 1 6109 De Soto Ave. NA 358 TBD 2 De Soto Ave. & Burbank Blvd. Adler Realty Development 1,237 NA

6400 Variel Avenue | Page 33 Warner Center Shuttle Area Bus Service

165 WCS 165 VANOWEN 165 Canoga 150 Station 245 750 Westeld De Soto Topanga 161 Station Best Buy 169 METRO ORANGE LINE 750 164 164 169 Costco 164 169 VICTORY 245 161 244 WCS WARNER 150 Village at 750 Topanga CENTER 169 245

L ERWIN B

G Westeld A

Promenade O

D S T 750 C

OXNARD ST 245 H T

O WARNER CTR M SHUTTLE

N 244 E 161 Warner Center

750 O Corporate Park WOODLAND 150 HILLS 169 WCS 245

BURBANK BL Kaiser Permanente 101 WCS NIGHT Woodland Hills OWL SERVICE

161 750 150 VENTURA BL 750 245 150 750 245 150 Subject to change TRANSPORTATION ©2018 LACMTA 19-0264 MM Warner Center Shuttle Warner Center is a vital mixed-use, transit-oriented WARNER CENTER TRANSITArea Bus Service community. Strategic planning has energized Warner Center’s city streets with the activity of many uses proximate to each other. Its infrastructure now offers residents easy 165 WCS 165 VANOWEN access to tram, bus, and rail. Though Warner Center has 165 Canoga been developed as a collection of neighborhoods, none is 150 Station left disconnected or ignored. Zero-emission public transit 245 750 Westeld De Soto is available for shuttling within its districts and to adjacent Topanga 161 Station Best Buy 169 communities. Transit reliably connects all parts of Warner METRO ORANGE LINE 164 Center and is easily accessible to young, old, and those who 750 164 169 are physically challenged. The expanded Orange Line from Costco 164 169 Universal City reaches as far as downtown making many VICTORY 161 244 245 WCS daily work commutes car-free. WARNER 150 Village at 750 6400 VARIEL AVE Topanga CENTER 169 245

METRO ORANGE LINE – The Orange Line branch terminating L ERWIN B at Warner Center Station will now end at Canoga Station. The A

G Westeld A

A existing service to Warner Center Station will be replaced by Promenade O

D a frequent Shuttle service that will improve access from the S T 750 C

Orange Line to Westfield Topanga, The Village, Warner Center OXNARD ST H

245 T

Corporate Park, Kaiser Permanente and other nearby locations. U O WARNER CTR M SHUTTLE

N 244 WARNER CENTER TRANSIT – Line 601 – New shuttle bus E 161 Warner Center

W service will be implemented in Warner Center to replace the 750 O Corporate Park existing single Orange Line stop at Warner Center Station. WOODLAND 150 HILLS 169 WCS Operating from the Canoga Orange Line Station, the new 245 shuttle provides 10 new stops improving access to Westfield Topanga, The Village, Warner Center Corporate Park, Kaiser BURBANK BL Kaiser Permanente 101 WCS NIGHT Woodland Hills Permanente and other nearby locations. The Shuttle will OWL SERVICE operate seven days a week, every 10 minutes during most 161 750 times of the day. In addition to the new Warner Center Shuttle, 150 VENTURA BL 750 Metro bus routes serving Warner Center have been modified to 245 150 750 245 150 provide more area access and directconnections to the Orange Subject to change

34 | Lineage Asset Advisors Warner Center Shuttle Area Bus Service

L ERWIN B

G Westeld A

Promenade O

D S T 750 C

OXNARD ST 245 H T

O WARNER CTR M SHUTTLE

N 244 E 161 Warner Center

750 O Corporate Park WOODLAND 150 HILLS 169 WCS 245

BURBANK BL Kaiser Permanente 101 WCS NIGHT Woodland Hills OWL SERVICE

POPULATION 1 Mile 3 Mile 2020 Total Population 34,219 236,248 2025 Population Projection 36,038 239,606

3 MILES MEDIAN AGE 1 Mile 3 Mile Median Age 36.90 38.5

EDUCATION 1 Mile 3 Mile 1 MILE Bachelor’s Degree or Higher 40% 32%

HOUSEHOLDS 1 Mile 3 Mile 2020 Estimate 14,749 82,145 6400 VARIEL AVE 2025 Projection 15,644 83,433

HOUSEHOLD INCOME 1 Mile 3 Mile 2020 Average Household $81,759 $100,065 Income

DAYTIME EMPLOYMENT N 1 Mile 3 Mile Total Employees 35,174 105,173

6400 Variel Avenue | Page 35 CONFIDENTIALITY DISCLAIMER & EXCLUSIVE AGENCY

This Offering Memorandum contains select information right, at their sole discretion, to reject any and all expres- pertaining to the business and affairs of the Property at the sions of interest or offers to purchase the Property and to 6400 Variel Avenue, Woodland Hills, California (Property). terminate discussions with any person or entity reviewing It has been prepared by Lineage Asset Advisors. This this Offering Memorandum or making an offer to purchase Offering Memorandum may not be all-inclusive or contain the Property unless and until a written agreement for the all of the information a prospective purchaser may desire. purchase and sale of the Property has been fully executed The information contained in this Offering Memorandum and delivered. is confidential and furnished solely for the purpose of a review by a prospective purchaser of the Property. It is If you wish not to pursue negotiations leading to the not to be used for any other purpose or made available to acquisition of 6400 Variel Ave, Woodland Hills, California any other person without the written consent of Owner and or in the future you discontinue such negotiations, then Lineage Asset Advisors. The material is based in part upon you agree to purge all materials relating to this Property information supplied by the Owner and in part upon finan- including this Offering Memorandum. cial information obtained by Lineage Asset Advisors from sources it deems reliable. Neither Owner, nor their officers, A prospective purchaser’s sole and exclusive rights with employees, or agents make any representation or warranty, respect to this prospective transaction, the Property, or express or implied, as to the accuracy or completeness of information provided herein or in connection with the sale of this Offering Memorandum or any of its contents and no the Property shall be limited to those expressly provided in legal liability is assumed or shall be implied with respect an executed Purchase Agreement and shall be subject to thereto. Prospective purchasers should make their own the terms thereof. In no event shall a prospective purchaser projections and form their own conclusions without reliance have any other claims against Owner or Lineage Asset upon the material contained herein and conduct their own Advisors or any of their affiliates or any of their respective due diligence. officers, Directors, shareholders, owners, employees, or agents for any damages, liability, or causes of action By acknowledging your receipt of this Offering Memoran- relating to this solicitation process or the marketing or sale dum from Lineage Asset Advisors, you agree: of the Property. This Offering Memorandum shall not be deemed to represent the state of affairs of the Property 1. The Offering Memorandum and its contents are confi- or constitute an indication that there has been no change dential; in the state of affairs of the Property since the date this Offering Memorandum. 2. You will hold it and treat it in the strictest of confidence;

3. All photographs and graphic elements are property EXCLUSIVE AGENT of Lineage Asset Advisors and not to be used without expressed written permission; and JEFFREY A. GOULD, CCIM, CPM, LEED AP [email protected] 4. You will not, directly or indirectly, disclose or permit Direct +1 818 737 1088 anyone else to disclose this Offering Memorandum or Mobile +1 805 390 0884 its contents in any fashion or manner detrimental to the CA BRE License No. 01437048 interest of the Owner. 5959 Topanga Canyon Blvd., Suite 220 Owner and Lineage Asset Advisors expressly reserve the Woodland Hills, CA 91367 VARIEL AVE JEFFREY A. GOULD, CCIM, CPM, LEED AP [email protected] Direct +1 818 737 1088 Mobile +1 805 390 0884 CA BRE License No. 01437048

5959 Topanga Canyon Blvd., Suite 220 Woodland Hills, CA 91367