Ventura Blvd

Home , Topanga Canyon Boulevard, Ventura Boulevard

BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

21930 21936 WEST SAN FERNANDO VALLEY STREET RETAIL IDEALLY LOCATED ALONG WORLD-RENOWNED VENTURA BOULEVARD IN THE HIGH VENTURA BLVD GROWTH SUB-MARKET OF WOODLAND HILLS, CA 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 INVESTMENT ADVISORS: BRANDON MICHAELS TEAM MEMBERS Senior Managing Director of Investments Sean Brandt Senior Director, National Retail Group Vaughn Brown Tel: (818) 212-2794 Ben Brownstein Fax: (818) 212-2710 Nicole Cottrell [email protected] Steven Schechter Austin Sreden License: CA #01434685 www.BrandonMichaelsGroup.com

CONFIDENTIALITY AND DISCLAIMER The information contained in the following Marketing Brochure is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and should not be made available to any other person or entity without the written consent of Marcus & Millichap. This Marketing Brochure has been prepared to provide summary, unverified information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation, with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos, the compliance with State and Federal regulations, the physical condition of the improvements thereon, or the financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this Marketing Brochure has been obtained from sources we believe to be reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Marcus & Millichap is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap. All rights reserved.

NON-ENDORSEMENT NOTICE Marcus & Millichap is not affiliated with, sponsored by, or endorsed by any commercial tenant or lessee identified in this marketing package. The presence of any corporation’s logo or name is not intended to indicate or imply affiliation with, or sponsorship or endorsement by, said corporation of Marcus & Millichap, its affiliates or subsidiaries, or any agent, product, service, or commercial listing of Marcus & Millichap, and is solely included for the purpose of providing tenant lessee information about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. BRANDON

MICHAELS 16830 Ventura Blvd. Suite 100, Encino, CA 91436 GROUP www.marcusmillichap.com SOUTHERN CALIFORNIA'S PREMIER SALES TEAM TABLE OF CONTENTS

PROPERTY OVERVIEW 01 FINANCIAL ANALYSIS 02 COMPARABLES ANALYSIS 03 AREA OVERVIEW 04 21930 21936 VENTURA BLVD 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 1 PROPERTY OVERVIEW TARZANA WOODLAND HILLS

VENTURA BOULEVARD VENTURA BOULEVARD

147 Unit Luxury Apartments

CANOGA AVENUE

379 Unit, 340,081 SF Apartment Building Built in 2018

OXNARD STREET WARNER CENTER VENTURA FREEWAY TOWERS (1.9 Million SF Office Towers) 21930 21936 VENTURA BLVD TOPANGA CANYON BOULEVARD 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364

($1.5 billion capital infusion - 1,400 residential units, 2 hotels, 864,000 SF Class A office & retail, Entertainment and Sports Center)

OXNARD STREET OWENSMOUTH AVENUE The Brandon Michaels Group of Marcus & Millichap has been selected to market for sale 21930 and 21936 Ventura Boulevard, approximately 11,106 square feet of street retail ideally situated on 21930 21936 24,013 square feet of land ideally located just one parcel East of the SE signalized corner of Ventura Boulevard and Topanga Canyon Boulevard in Woodland Hills, CA. The subject property is ideally located just South of the 101 Ventura Freeway, with excellent freeway accessibility and 116 feet of frontage along world renowned Ventura Boulevard, the VENTURA BLVD main East/West retail thoroughfare through the San Fernando Valley. The subject property is located directly adjacent to the 76 gas station on the corner of Ventura Boulevard and Topanga Canyon Boulevard, and directly across from the 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 Ralphs, Rite Aid and Petco anchored shopping center which his home to a myriad of national tenants which sits of the NE corner of Ventura Boulevard and Topanga Canyon Boulevard.

WEST SAN FERNANDO VALLEY 21930 and 21936 Ventura Boulevard sit on multiple parcels with excellent parking in the rear of the property. 21930 STREET RETAIL IDEALLY LOCATED Ventura Boulevard is a multi-tenant retail storefront building consisting of approximately 3,300 square feet, and is ALONG WORLD-RENOWNED VENTURA currently home to two local tenants, both of whom have leases which expire in 2021. There is an additional 1,800 BOULEVARD IN THE HIGH GROWTH SUB- square foot metal fabricated structure that sits to the rear of the 21930 building, which is currently being used by MARKET OF WOODLAND HILLS, CA Franklin’s Ace Hardware, which also occupies, 21936 Ventura Boulevard, which is approximately 6,039 square feet. 8 Franklin’s Ace Hardware has been a long-time tenant in the area and is potentially flexible in their lease terms depending on the desires of a potential Buyer. The front portion of their building is approximately 6,039 square feet, with 58 feet of frontage along Ventura Boulevard.

There is a total of twenty parking spaces, ten behind each individual building. Total land square footage is 24,013. The front portion of each parcel is zoned C4-1VLD, and the rear portion of each parcel is zoned R2P-1VLD. There is flexibility in potentially increasing parking depending on usage.

Ventura Boulevard is the main commercial thoroughfare through the San Fernando Valley, and the world’s longest avenue of contiguous business. The subject property benefits from high traffic counts along Ventura Boulevard, with over 55,000 vehicles per day driving by the subject property. EXECUTIVE SUMMARY WARNER CENTER CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA WARNER CENTER TOWERS 1.9 million SF of Class A office towers

21930 21936 DON PIO DRIVE VENTURA BLVD 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364

TOPANGA CANYON BOULEVARD

VENTURA BOULEVARD OVER 60,000 VEHICLES PER DAY OVER 41,775 VEHICLES PER DAY Woodland Hills is a high-end, amenity rich submarket in the San Fernando Valley. Well known for its plethora of strong national and local retailers, Woodland Hills offers a extensive array of restaurants and local hotspots and a strong local economy home to a wide range of national companies and corporate headquarters, Class A office and retail 21930 21936 properties, large commercial offices, and a variety of residential options from newly built multi-family buildings to multi-million dollar residences.

VENTURA BLVD 21930 and 21936 Ventura Boulevard is within close proximity to Warner Center, known as the central business district 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 of the San Fernando Valley. Warner Center is one of Los Angeles’ largest urban developments, offering a sweeping complex of office parks, high-rise office towers, apartments, and shopping centers including Westfield Topanga and the Village at Westfield Topanga. The multi-billion dollar submarket is home to substantial development, including One of Southern California’s fastest the $1.5 billion renovation the Westfield Promenade is undergoing which will include retail, Class A office, two hotels, growing submarkets with over 80,000 14,000 residential units, and an entertainment and sports center. Uptown at Warner Center is receiving a $3 billion new jobs and 37 million square feet capital infusion to complete a mixed-use development. Significant growth is projected in the immediate area, with of residential and business buildings 37 million square feet of business and residential buildings, 14 million square feet of non-residential building area, projected by 2037 200,000 residential units, and 80,000 new jobs. The high-end affluent submarket benefits from tremendous population and significant growth projections. There are 10 over 22,000 people within a one-mile radius and over 360,000 people within a five-mile radius, and continued growth projected over the next five years. The average household income is over $105,000 within a one-mile radius and the median household income is over $79,000. Multi-million-dollar homes line the streets just south of Ventura Boulevard, as the immediate area is home to a dense and affluent demographic.

WARNER CENTER WARNER CENTER MARRIOTT WESTFIELD TOPANGA & WESTFIELD PROMENADE TOWER WOODLAND HILLS THE VILLAGE 2035

0.8 MILE FROM THE PROPERTY 1.0 MILE FROM THE PROPERTY 1.2 MILES FROM THE PROPERTY 1.2 MILES FROM THE PROPERTY LOCATION OVERVIEW LOCATION 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

($1.5 billion capital infusion - 1,400 WARNER CENTER TOWERS residential units, 2 hotels, 864,000 SF Class A office & retail, Entertainment 1.9 million SF of Class A office towers CANOGA PARK and Sports Center)

WARNER CENTER

VENTURA FREEWAY OVER 205,000 VEHICLES PER DAY

21930 21936 VENTURA BLVD 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 VENTURA BOULEVARD 11 OVER 41,775 VEHICLES PER DAY

TOPANGAOVER 60,000CANYON VEHICLES BOULEVARD PER DAY investment highlights

IRREPLACEABLE WOODLAND HILLS LOCATION UNIQUE ASSET WITH A MULTITUDE OF OPTIONS

• Ideally located just one parcel east of the SE signalized corner of • 10,806 square feet of existing structure on 24,013 square foot Ventura Boulevard and Topanga Canyon Boulevard parcel of land • High daily traffic counts with over 55,000 vehicles per day along • Multiple parcels which can be purchased together or separately Ventura Boulevard • 20 parking spaces in the rear with potential to increase • Direct access to the 101 Ventura Freeway, located approximately 750 feet from the Topanga Canyon Boulevard • Potentially creating an ideal opportunity for an Owner-User Buyer on-ramp or Value-Add Investor • 116 linear feet of frontage along Ventura Boulevard, the world’s longest avenue of contiguous business and main thoroughfare through the San Fernando Valley • Within close proximity to Warner Center, the central business district of the San Fernando Valley • Average household income north of $105,000 • Dense immediate population with over 22,000 people within 12 a one-mile radius and over 360,000 people within a five-mile radius INVESTMENT HIGHLIGHTS 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

SIGNIFICANT GROWTH PROJECTION IN THE IMMEDIATE AREA MULTI-BILLION DOLLAR SUBMARKET • Over 80,000 new jobs, 37 million square feet of business and • $1.5 billion renovation the Westfield Promenade - retail, residential buildings, 14 million square feet of non-residential Class A office, two hotels, 14,000 residential units, and an building area, 200,000 residential units projected in the entertainment and sports center immediate area • Uptown at Warner Center is receiving a $3 billion capital infusion • A plethora of strong national and local retailers, a wide array of to complete a mixed-use development restaurants and local hotspots cater to local tenants • Warner Center 2035 Specific Plan offers significant by-right • Strong local economy is the home to a wide range of national development and will experience significant growth over the next companies and corporate headquarters, Class A office and decade retail properties, large commercial offices • A vast range of residential options from newly built multi-family units to multi-million dollar residences

13 property highlights

10,866 $492 24,013 $223 TOTAL BUILDING SF PRICE/SF (BUILDING) TOTAL LAND SF PRICE/SF (LAND)

21930 & 21936 VENTURA BOULEVARD WOODLAND HILLS, CA 91364

PRICE: $5,350,000

TOTAL BUILDING SF: 24,013 SF

TOTAL LAND SF: 10,866 SF*

PRICE/SF (BUILDING): $492

PRICE/SF (LAND): $223

CURRENT CAP RATE: 5.34%

PRO-FORMA CAP RATE: 5.42%

14 CURRENT OCCUPANCY: 100%

PARKING SPACES: 20 Parking Spaces

YEAR BUILT 1953 21930 Ventura Boulevard: 2169-0032-020 APN NUMBERS: 21936 Ventura Boulevard: 2169-0032-021

ZONING: LAC4

*Square footage is approximate. Buyer must perform their own investigation. PROPERTY HIGHLIGHTS 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

WOODLAND HILLS

WARNER POINTS APARTMENTS (85 Unit Apartment)

21930 21936 VENTURA FREEWAY VENTURA BLVD OVER 205,000 VEHICLES PER DAY 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364

TOPANGA CANYON BOULEVARD OVER 60,000 VEHICLES PER DAY

OVERVENTURA 41,775 VEHICLES BOULEVARD PER DAY 15 21930 Ventura Blvd Franklin Hardware Rear Building 1,800 SF COSTANO STREET 21936 Ventura Blvd Franklin Hardware Front Building 6,039 SF

21930 Ventura Blvd 21930 Ventura Blvd Woodland Hills Jewelry ACE Culinary 1,009 SF 2,018 SF

VENTURA BOULEVARD OVER 41,775 VEHICLES PER DAY PROPERTY DETAILS property details CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364

SITE LOCATION SQUARE FOOTAGES

The total building square footage is 10,866 SF. The land square The subject property is located on the southeast corner of footage is 24,013 SF. 41,775 + Ventura Boulevard and Topanga Canyon Boulevard. TRAFFIC COUNTS ALONG VENTURA TRAFFIC COUNTS PARKING SPACES BOULEVARD

The traffic counts along Ventuta Boulevard are over 41,775 20 parking spaces are available. The parking ratio is 1.85 per 1,000 vehicles per day. The traffic counts along Topanga Canyon SF. Boulevard are over 60,000 vehicles per day. APN NUMBER ZONING

The APN number of 21930 Ventura Boulevard is 2169-003-020. The zoning is LAC4. The APN number of 21936 Ventura Boulevard is 2169-003-021. 20 SUMMARY OF TERMS PARKING SPACES 21930 Ventura Blvd Woodland Hills Jewelry Interest Offered: 21930 Ventura Blvd ACE Culinary 100% fee simple interest in 21930 & 21936 Ventura Boulevard, a 10,866 SF retail building located on 24,013 SF of land in Woodland 17 Hills, CA. Terms of the Sale: Property is being offered on a free and clear basis. 21936 Ventura Blvd Frankin Hardware 81,230 Rear Building Property Tours: 21936 Ventura Blvd AVERAGE HOUSEHOLD Frankin Hardware Prospective purchases are encouraged to visit the site and review Front Building INCOME WITHIN A ONE- all due diligence materials prior to submitting offers. Access to an MILE RADIUS outline due diligence is available portal. All property tours must be coordinated through the listing team.

21930 21936 VENTURA BLVD 21930 - 21936 Ventura Boulevard, Woodland Hills, CA 91364 2 FINANCIAL ANALYSIS FINANCIAL ANALYSIS rent roll PRO FORMA PRO FORMA ADDRESS TENANT SF SF % LEASE START LEASE EXP INCREASES RENT RENT/SF RENT RENT/SF 21936 Ventura Franklin's ACE Hardware 2.5% annual 6,039 56% 11/1/2020* $17,207.24 $2.21 $15,097.50 $2.50 Boulevard - Front Building increase 21930 Ventura Franklin's ACE Hardware 1,800 16% 11/1/2020* Boulevard - Rear Building 21930 Ventura 2.5% annual ACE Culinary 2,018 19% 5/1/2019 4/30/2022 $4,365.76 $2.16 $6,054.00 $3.00 Boulevard increase 21930 Ventura 2.5% annual Jeweler 1,009 9% 4/1/2019 3/31/2021 $2,223.61 $2.20 $3,027.00 $3.00 Boulevard increase Total 10,866 100% $23,796.61 $2.19 $24,178.50

* There may be the potential to extend the lease term if of the interest to a Buyer. Please contact the listing agent for additional information. ANNUALIZED operating data INCOME AND EXPENSE CURRENT PRO FORMA PROJECTED OPERATING EXPENSES PER YEAR PER SF Scheduled Lease Income $285,559 $290,142 Taxes (1.25%) $66,875 $6.19 NNN Charges $83,556 $83,556 Insurance $10,407 $0.96 Effective Gross Income $369,115 $373,698 Utilities $1,617 $0.15 Expenses $83,556 $83,556 Parking Lot Sweping $1,680 $0.16 20 Net Operating Income $285,559 $290,142 Trash $2,977 $0.28 Total Expenses $83,556 $7.73 / $0.64 property Tax information

Current Taxes $8,507.00 Projected Taxes $66,875.00 Increase in Taxes $58,368.00 Increse Per SF $0.45 FINANCIAL ANALYSIS 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

Pricing

Price $5,350,000

Current CAP Rate 5.34%

Pro Forma CAP Rate 5.42%

Building SF 10,866 SF

Price Per SF (Building) $492

Land SF 24,013 SF

Price Per SF (Land) $223

21 21930 21936 VENTURA BLVD 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 3 COMPARABLES ANALYSIS sales comparables

PRICE/SF PRICE/SF CLOSE OF # ADDRESS SALE PRICE BLDG SF LAND SF ZONING (BLDG) (LAND) ESCROW

21034 Ventura Blvd 1 $2,450,000 $660.02 $260.39 3,712 9,409 C4 2/28/2019 Woodland Hills, CA 91364

21414 Ventura Blvd 2 $1,780,000 $370.83 $272.42 4,800 6,534 LAC4 11/29/2018 Woodland Hills, CA 91364

21914 Ventura Blvd 3 $965,000 $482.50 $254.34 2,000 3,794 LAC4 9/27/2018 Woodland Hills, CA 91364

22223 Ventura Blvd C4-1VLD/ 4 $5,725,000 $286.68 $151.52 19,970 37,784 8/20/2019 Woodland Hills, CA 91364 P-1VLD 24

22708 Ventura Blvd 5 $500,000 $459.56 $153.87 1,088 3,250 C4 10/15/2018 Woodland Hills, CA 91364

AVERAGE $2,284,000 $451.92 $218.51 6,314 12,154 - - COMPARABLES ANALYSIS COMPARABLES 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

21930 & 21936 Ventura Blvd

1 21034 Ventura Blvd

21930 21936 2 21414 Ventura Blvd VENTURA BLVD 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 3 21914 Ventura Blvd 4 4 22223 Ventura Blvd 3 2 5 22708 Ventura Blvd 5 1

SALES COMPARABLES | PRICE / SF (BLDG)

$660.02 $700. 00 $482.50 $600. 00 $459.56 $451.92 $452 $500. 00 AVG PRICE/SF (BUILDING) $370.83 25 $400. 00 $286.68

$300. 00

$200. 00 $100. 00 $219 AVG PRICE/SF (LAND) $0.00 21034 Ventura 21414 Ventura 21914 Ventura 22223 Ventura 22708 Ventura Average Blvd Blvd Blvd Blvd Blvd RENT comparables

# ADDRESS LEASABLE SF SF LEASED RENT/SF/MONTH RENT/SF/YEAR LEASE TYPE

22718-22720 Ventura Blvd 1 8,008 1,370 $2.50 $30.00 FS Woodland Hills, CA 91364

21012-21016 Ventura Blvd 2 2,033 1,000 $3.54 $42.48 NNN Woodland Hills, CA 91364

22017 Ventura Blvd 3 1,500 1,500 $2.63 $31.56 MG Woodland Hills, CA 91364

22026-22030 Ventura Blvd 4 8,007 250 $2.42 $29.04 - Woodland Hills, CA 91364

22201 Ventura Blvd 5 15,062 1,800 $2.25 $27.00 NNN Woodland Hills, CA 91364

22738 Ventura Blvd 6 1,700 850 $2.00 $24.00 NNN Woodland Hills, CA 91364

22736 Ventura Blvd 7 2,400 2,400 $2.00 $24.00 MG 26 Woodland Hills, CA 91364

Woodland Capital 8 22531-22545 Ventura Blvd 16,602 345 $1.96 $23.52 - Woodland Hills, CA 91364

21911-21937 Ventura Blvd 9 56,275 1,385 $3.50 $42.00 NNN Woodland Hills, CA 91364

AVERAGE 12,399 1,211 $2.41 $28.95 - COMPARABLES ANALYSIS COMPARABLES 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

21930 & 21936 Ventura Blvd

1 22718-22720 Ventura Blvd

2 21012-21016 Ventura Blvd 5 3 9 8 4 3 22017 Ventura Blvd 6 1 2 7 4 22026-22030 Ventura Blvd

5 22201 Ventura Blvd 21930 21936 VENTURA BLVD 6 22738 Ventura Blvd 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 7 22736 Ventura Blvd

8 22531-22545 Ventura Blvd

9 21911-21937 Ventura Blvd

RENT COMPARABLES | RENT/SF/MONTH

$4.00 $3.54 $3.50 $3.50 $2.41 AVG RENT/SF/MONTH $3.00 $2.50 $2.63 $2.42 $2.41 $2.25 27 $2.50 $2.00 $2.00 $1.96

$2.00

$1.50 $1.00 $28.95 $0.50 AVG RENT / SF / YEAR

$0.00 22718-22720 21012-21016 22017 22026-22030 22201 22738 22736 22531-22545 21911-21937 Average Ve ntura Bl vd Ve ntura Bl vd Ve ntura Bl vd Ve ntura Bl vd Ve ntura Bl vd Ve ntura Bl vd Ve ntura Bl vd Ve ntura Bl vd Ve ntura Bl vd

4 21930 21936 VENTURA BLVD AREA OVERVIEW 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 AREA OVERVIEW woodland hills

an affluent neighborhood in the west san fernando valley

Woodland Hills is an affluent neighborhood in the southwestern region of the San Fernando Valley , which is located East of Calabasas and West of Tarzana. On the North it is bordered by West Hills, Canoga Park, and Winnetka, and on the South by the Santa Monica mountains. The community’s location provides easy access to the many business districts of Los Angeles, including Tarzana, Warner Center, Hollywood, West Los Angeles, Downtown Los Angeles, Universal City, and the Tri-Cities areas. Neighborhood residents in Woodland Hills have convenient options to numerous restaurants and nightlife, shopping centers, retail shops, grocery stores, pharmacies, schools, open spaces, parks, sports fields, and walking trails within minutes of their home.

Woodland Hills is accessible to all of Los Angeles. The 101 Ventura Freeway provides East to West travel, and easily connects to the 405 San Diego Freeway for North to West travel. Ventura Boulevard, which stretches 18 miles lon throughout the San Fernando Valley, is the longest contiguous avenue of businesses and home to multiple retailers and amenities.

Woodland Hills Office Park is situated between two wealthy communities in Los Angeles County, Calabasas to the West and Tarzana to the east. Woodland Hills is home to Warner Center, which is one of Los Angeles County’s largest master-planed 30 business developments, and considered the central business district of the San Fernando Valley. Warner Center offers a sweeping complex of office parks, high-rises, apartments and shopping centers. It is home to the massive Westfield Topanga and brand new The Village at Westfield Topanga, providing consumers a large array of retail options. Multiple luxury apartment communities have sprung up in Warner Center, creating a fashionable and trendy place for residents to live, work and play. AREA OVERVIEW 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA points of interest • Woodland Hills Coutry Club • The Woodland Hills Recreation Center • The Warner Center Park • Upper Las Virgenes Canyon Open Space Preserve • Santa Monica Mountains National Recreation Area • The Top of Topanga Overlook

31 AREA OVERVIEW warner center

A Multi-Billion Dollar Submarket

Warner Center is one of Los Angeles’ largest urban developments, offering a sweeping complex of office parks, high-rises, apartments, and shopping centers. It is home to approximately 20,000 residents and employs more than 50,000 people. Known as the central business district of the San Fernando Valley, the district combines a mix of office buildings, hotels, world class restaurants, shopping centers, and business parks.

The forner Rocketdyne site, named Uptown at Warner Center, located at Vanowen Street and Owensmouth Avenue is slated for a $4 billion, six million square foot development by United Technologies Corporation and Boston Global. The six million square feet project will include 3.95 million square feet of residential space and 1.1 million square feet of Class A office space. The project will also include 310,000 square feet of cultural and public space, 240,000 square feet of assisted living space, 200,000 square feet of high-end retail, and 155,000 square feet of hotel space.

Warner Center is poised to undergo profound changes as commercial development expands over the next two decades. With the advent of the Warner Center 2035 Plan, Warner Center is quickly becoming one of the fastest growing 32 sub-markets in the country. AREA OVERVIEW 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

THE TRILLIUM LNR WARNER CENTER WARNER CENTER TOWERS

The Trillium is among the most prestigious office Built in stages between 2001 and 2005, LNR Warner Warner Center Towers is a 1,937,959 square foot office campuses in Woodland Hills combining for 660,669 Center is comprised of four five-story buildings and one campus comprised of six prestigious office towers square feet of Class-A office space. The Trillium three-story building containing approximately 808,274 strategically located in the heart of Warner Center. Warner Center Towers is one of Los Angeles' largest features an attractive stone and tinted glass exterior, square feet in total. Tenants include Health Net, UMG office campuses and offers a park-like setting with accentuated by lavish interior finishes and on-site Recordings and Viking River Cruises. landscaped plazas, attractive fountains, high-end amenities. amenities, and breathtaking views. AREA OVERVIEW

MAJOR CAPITAL INFUSION ius Westfield’s Promenade 2035 rad ile Estimated $1.5 billion capital infusion m 5 Uptown at Warner Center CANOGA $3-4 billion capital infusion 3 m PARK ile ra d Brings entertainment, culture, sporting events to the heart of the San iu s Fernando Valley activating residents to live, work, shop, stay and play. WEST s HILLS diu ra e RESEDA il WINNETKA m

1 SIGNIFICANT GROWTH PROJECTIONS 21,000 new households and 80,000 new jobs projected in Warner Center by 2035 combined with an additional 37 million square feet of business and residential buildings and 20,000 residential units WOODLAND TARZANA HILLS ENCINO EXPEDITED APPROVAL PROCESS Developers conforming to Specific Plan Urban Design guidelines may process approvals which City of Los Angeles estimates of 4-6 months from CALABASAS complete project submission.

34 PREMIER BUSINESS HUB WARNER CENTER BOUNDARIES Upscale community containing well-educated and professional workforce, Warner Center is the central business district of the San Fernando Valley.

Fortune 500 Companies Major office towers • Walt Disney Company • Warner Center Towers • Amgen Inc. • LNR Warner Center • Health Net Inc. • Trillium Towers • Avery Dennison Corp • Farmers Plaza AREA OVERVIEW 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

37 3 MILLION SF 80,000 MILLION SF of high-end retail and entertainment including Westfield's Promenade, new jobs created with Warner of business and residential buildings Westfield Topanga, and The Village Center 2035 added to Warner Center by 2035

OVER 8,000 35 quality residences and growing $91.5K 60% Estimated average median household of Woodland Hills' residents have a bachelor's income in Woodland Hills degree or higher. CANOGA PARK

UPTOWNREVEAL AT WARNER CENTER(438 units) $4 billion high-rise METRO ORANGE development LINE BUSWAY

VANOWEN STREET

FARMER'S PLAZA OFFICE TOWERS

($1.5 billion capital infusion - 1,400 residential units, 2 hotels, 864,000 SF Class A office & retail, Entertainment TOPANGA CANYON BOULEVARD and Sports Center)

OWENSMOUTH AVENUE

ERWIN STREET WINNETKA

TRILLIUM TOWERS (660,669 SF Office Towers)

CANOGA AVENUE

WARNER CENTER TOWERS (1.9 Million SF Office Towers)

OWENSMOUTH AVENUE WARNER CENTER • CA AREA OVERVIEW

1 $93 MILLION 264 UNIT MULTIFAMILY COMPLEX Location: 6301 De Soto Avenue MG Properties Group - October 2018

2 389 UNIT MULTIFAMILY COMPLEX Location: 21200 Oxnard Street WARNER Bolour and Associates - December 2018 CENTER 3 1.27-MILLION SQ.FT. MIXED-USE (OFFICE & SINGLE UNITS) Location: 21240 W Burbank Boulevard +RESTAURANT +HOTEL Northrop Grumman - December 2018 2035

4 $157 MILLION 263 UNIT MULTIFAMILY COMPLEX +RESTAURANT +SWIMMING POOL Location: 6250 N. Canoga Avenue +FITNESS CENTER LaSalle - July 2018

38 5 $100 MILLION 394 UNIT MULTIFAMILY COMPLEX 7 $1 BILLION MIXED-USE (RESIDENTIAL, OFFICE, & RETAIL) Location: 6636 Variel Avenue + 228 HOTEL ROOMS Location: 21031 Warner Center Lane + 1.25 MILLION SQ.FT OFFICE, Hanover Company - June 2018 RETAIL, AND RESTAURANT. Adler Realty Investments - April 2018

6 $1.5 BILLION 1,400 HOUSING UNITS, TWO HOTEL 8 352 UNIT, 25,000 SQ.FT. OFFICE, & 13,000 SQ.FT. RETAIL +1 ACRE PUBLIC SQUARE Location: 6100 Topanga Cannyon Blvd Location: De Soto Avenue & Erwin Street + PARKS, COURTYARDS Developer Westfield California Home Builders - November 2017 AREA OVERVIEW 3 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

NORTHROP GRUMMAN SITE 5 A 1.27 million-square-foot development plan that would bring 1 566 independent living units to Warner Center. 6636 VARIEL AVE

A new seven-story residential project CARILLON APARTMENT HOMES CANOGA AVENUE with 271 apartments above a parking structure. A class A, 264-unit multifamily property in Woodland Hills, has sold 9 for $93 million or $352,272 per unit.

UPTOWN AT WARNER CENTER

$4 billion mixed-use development 7

21031 WARNER CENTER LN A planned 24-acre complex in Warner Center could bring about 1,000 apartments and condos, a 24-story hotel, and a trio of 15-story 4 office buildings

TRIANA APARTMENT VANOWEN STREET A 362-unit residential complex in the TOPANGA CANYON BOULEVARD Warner Center. 8

CALIFORNIA HOME BUILDERS SITE

A combined 588 units of housing and 66,000 square feet of commercial space.

21200 OXNARD ST

A 52,581-square-foot, single-story flex commercial building on 3 acres in Woodland Hills. 39

ERWIN STREET

OXNARD STREET

VICTORY BOULEVARD 6 OWENSMOUTH AVENUE

($1.5 billion capital infusion - 1,400 residential units, 2 hotels, 864,000 SF Class A office & retail, Entertainment and Sports Center) AREA OVERVIEW

westfield promenade 2035 PROJECT SUMMARY $1.5 billion capital infusion • 1,400 residential units • 272-room hotel and 300-room hotel Westfield's new mixed use complex set to replace the aging Promenade shopping mall in Woodland Hills. • 150,000 square feet of creative office space Now, the Australian developer has released new details about the project, which will bring 1,400 units of • 470,000 SF of Class A office housing and two hotels to Warner Center. • 244,000 SF of retail • 15,000 seat Entertainment & Sports Center The redevelopment is part of a wave of projects spurred by the new Warner Center 2035 plan, which was designed to reinvent the western Valley’s downtown as a more urban live-work community.

y y More than seven acres of open space including: two acres of open space at ground level with approximately ECONOMIC BENEFITS 500 trees and more than 100 of those trees along street frontage; along with approximately five acres of elevated open space featuring rooftop gardens and landscaping atop nearly every building. Promenade 2035 represents an anticipated $1.5 billion yy A lush and green Promenade Square will serve as the heart of the neighborhood, a gathering place long term investment in the valley to relax and will play host to a range of community activities. Pocket parks, public spaces as well as courtyards, called the Gardens, will also offer more intimate gathering spaces. DURING CONSTRUCTION: yy Residential opportunities range from work/live studios to one, two and three bedroom apartments and • Creates more than 12,500 full and part-time jobs luxury villas with appeal for artists, up-and-coming executives, young families or empty nesters – all with • Generates nearly $2 billion in total economic output. easy access to a lifestyle designed to cater to every need. (Approximately 1,400 residential units) yy Class A office space that brings work and home together in unique and diverse ways with shopping, dining and entertainment just steps away where cars are not needed and commutes are walking distance. AT FULL COMPLETION: 40 (Approximately 470,000 square feet) • Creates more than 7,900 full and part-time jobs. yy Smaller, more localized retail opportunities, services and dining experiences along with a community • Generates an estimated $1.6 billion in economic grocery/pharmacy will compliment The Village and Westfield Topanga offerings. (Approximately 244,000 output square feet) • Generates nearly $12 million in net new annual yy A versatile Entertainment and Sports Center will accommodate 15,000 with flexible seating that could revenue to the City’s General Fund adapt for more intimate events and gatherings such as professional, youth and community sports as well as live music, performing arts and speaker series. AREA OVERVIEW 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

41 AREA OVERVIEW

uptown at warner center $4.0 billion capital infusion Uptown at Warner Center is a one-of-a-kind development opportunity consisting of nearly 47 acres located in the mature market of Warner Center in the San Fernando Valley, surrounded by the third largest shopping center in the United States (Westfield Topanga, The Village at Westfield Topanga, and Westfield Promenade 2035), numerous high profile office projects, and residential developments.

The development will produce a state of the art “Live/Work/Play” environment that will be a walkable community featuring a combination of residential and commercial uses including retail, office, hotel, research & development, assisted living and community center space surrounding a 5 acre open park. It will be the San Fernando Valley’s most desirable, sustainable destination with expedient access to every convenience including numerous shopping, dining, and public transportation options. The San Fernando Valley consists of approximately 260 square miles making it the largest geographic component of the City of Los Angeles. With approximately 1.8 million residents, it is a densely populated area, that as a standalone city, would be the seventh largest city in the United States. PROPOSED PROJECT SUMMARY

Class A Office 1,130,000 Residential 3,950,000 Assisted Living 240,000 Retail 200,000 Cultural/Public/Education 310,000

42 Hotel 155,000 Site Central Plants 50,000 TOTAL 6,035,000

Projected Hotel Room Total 210 Rooms Projected Residential Units Total 3,950 Units Projected Assisted Living Units Total 330 Units Parking Total 10,030 Spaces

TOTAL DEVELOPMENT SITE AREA 2,037,929 SF AREA OVERVIEW 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

43 AREA OVERVIEW

shopping & retail

WESTFIELD TOPANGA Westfield Topanga and the brand new The Village at Westfield Topanga is one of Southern California’s largest shopping complexes. Westfield Topagna is the only center in the United States with a Neiman Marcus and flagship Nordstrom alongside Target, and is a power shopping paradise with a luxury lineup including Gucci, Tiffany & Co., Salvatore Ferragamo, Louis Vuitton, Cartier, Burberry, Jimmy Choo alongside Apple, Tesla, Tory Burch, Anthropologie, Free People, OMEGA, Splendid, Urban Outfitters and Lacoste.

THE VILLAGE AT WESTFIELD TOPANGA The Village showcases trendy local fashion and lifestyle brands, sensational restaurants offering al fresco patio dining, a full-service gym, spa and yoga studio, along with Costco, Crate & Barrel, a weekly farmer’s market and more, all under a canopy of native trees and vegetation. With a combined square footage of over 2.5 million, Westfield offers the retail consumer a laundry list of high-end retailers and restaurant choices. It has transformed into a central gathering place for shopping, dining, entertainment and leisure and provides local residents and visitors a destination experience unlike any other in the San Fernando Valley.

44 VENTURA BOULEVARD Ventura Boulevard is one of the primary east–west thoroughfares in the San Fernando Valley. Running 18 miles, Ventura Boulevard is the world's longest avenue of contiguous businesses. It has always been a concentrated location for mom and pop shops and small businesses in the Valley; nowadays it has pockets of housing, mini-malls, and shops, along with a wide assortment of businesses, schools, and other establishments. Homes south of Ventura are considered to be among the most expensive in Los Angeles County, ranging from $2 million to $50 million and home to numerous celebrities, executives, athletes, and entertainers alike. AREA OVERVIEW 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

THE VILLAGE SHOWCASES TRENDY LOCAL FASHION AND LIFESTYLE BRANDS, SENSATIONAL RESTAURANTS OFFERING AL FRESCO PATIO 45 DINING, A FULL-SERVICE GYM, SPA AND YOGA STUDIO, ALONG WITH COSTCO, CRATE & BARREL, A WEEKLY FARMER’S MARKET AND MORE, ALL UNDER A CANOPY OF NATIVE TREES AND VEGETATION. AREA OVERVIEW

demographics 67,533 Total Population of Woodland Hills, CA. The median age is 42. 49% 51% EDUCATION MALE FEMALE

37.8% 15.6% 32.4% 14.2% High School or Less High School Graduate Bachelor’s or Associate Graduate Graduate Degree

46 AREA OVERVIEW 21930 & 21936 VENTURA BOULEVARD, WOODLAND HILLS, CA 91364 HILLS, BOULEVARD, WOODLAND 21930 & 21936 VENTURA

1 MILE 3 MILES 5 MILES

2019 Population 21,436 150,908 364,862

2019 Households 9,340 55,961 127,338

2019 Average Household Size 2.20 2.60 2.80 364,862 19,321 Population Businesses 2019 Median Household Income $79,163 $82,135 $74,052 within 5-m radius within 5-m radius 2019 Average Household Income $105,840 $107,904 $100,369

2019 Owner Occupied Housing 4,882 30,214 69,491 Units

2019 Renter Occupied Housing 4,459 25,748 57,847 Units $105,840 $82,135 <$25,000 1,097 8,587 21,449 Average HH income Median HH income $25,000 - $50,000 1,381 9,045 22,026 within 1-m radius within 1-m radius

$50,000 - $75,000 1,976 8,380 20,992 47 $75,000 - $100,000 1,297 6,899 15,151

$100,000 - $125,000 930 5,966 13,719

$125,000 - $150,000 730 4,223 8,914

$150,000 - $200,000 874 5,736 11,225 69,491 57,847 Owner Occupied Households Renter Occupied Households $200,000+ 1,055 7,126 13,862 within 5-m radius within 5-m radius BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM

BRANDON MICHAELS TEAM MEMBERS Senior Managing Director of Investments Sean Brandt Senior Director, National Retail Group Vaughn Brown 21930 21936 Tel: (818) 212-2794 Ben Brownstein Fax: (818) 212-2710 Nicole Cottrell [email protected] Steven Schechter VENTURA BLVD License: CA #01434685 Austin Sreden 21930 & 21936 Ventura Boulevard, Woodland Hills, CA 91364 www.BrandonMichaelsGroup.com