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BRANDON MICHAELS GROUP SOUTHERN CALIFORNIA'S PREMIER SALES TEAM VICTORY BOULEVARD TOPANGA CANYON BOULEVARD A BRAND NEW 2020 CONSTRUCTION SINGLE-TENANT NNN SHAKE SHACK IDEALLY LOCATED DIRECTLY ACROSS FROM WESTFIELD @ WARNER CENTER TOPANGA & THE VILLAGE IN THE HEART OF THE WARNER CENTER, CA, 6443 Topanga Canyon Blvd | Woodland Hills, CA 91303 ONE OF CALIFORNIA’S LARGEST URBAN DEVELOPMENTS @ WARNER CENTER TABLE OF CONTENTS 6443 Topanga Canyon Blvd | Woodland Hills, CA 91303 PROPERTY OVERVIEW 01 INVESTMENT ADVISORS: BRANDON MICHAELS STEVEN SCHECHTER NICOLE COTTRELL TEAM MEMBERS Senior Managing Director of Investments First Vice President of Investments Investment Associate Sean Brandt Senior Director, National Retail Group National Retail Group National Retail Group Vaughn Brown Tel: (818) 212-2794 Tel: (818) 212-2793 Tel: (818) 212-2686 Ben Brownstein AREA & DEVELOPMENT OVERVIEW 02 Fax: (818) 212-2710 Fax: (818) 212-2710 Fax: (818) 212-2710 Andrew Leff Lauren Sackler [email protected] [email protected] [email protected] Zachary Saloff License: CA #01434685 License: CA #01089464 License: CA #02062546 Austin Sreden www.BrandonMichaelsGroup.com www.BrandonMichaelsGroup.com www.BrandonMichaelsGroup.com FINANCIAL ANALYSIS SPECIAL COVID-19 NOTICE 03 NON-ENDORSEMENTS All potential buyers are strongly advised to take advantage of their opportunities and obligations to conduct thorough due diligence and seek expert opinions as they may deem necessary, especially given the unpredictable changes resulting from the continuing COVID-19 pandemic. Marcus & Millichap has not been retained to perform, and cannot conduct, due diligence on behalf of any prospective purchaser. Marcus & Millichap’s principal expertise is in marketing investment properties and acting as intermediaries between buyers and sellers. Marcus & Millichap and its investment professionals cannot and will not act as lawyers, accountants, contractors, or engineers. All potential buyers are admonished and advised to engage other professionals on legal issues, tax, regulatory, financial, and accounting matters, and for questions involving the property’s physical condition or financial outlook. Projections and pro forma financial statements are not guarantees and, given the potential volatility created by COVID-19, all potential buyers should be comfortable with and rely solely on their own projections, analyses, and decision-making. NON-ENDORSEMENT AND DISCLAIMER NOTICE NON-ENDORSEMENTS 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 DEMOGRAPHICS 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 04 about this listing to prospective customers. ALL PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONSULT YOUR MARCUS & MILLICHAP AGENT FOR MORE DETAILS. DISCLAIMER THIS IS A BROKER PRICE OPINION OR COMPARATIVE MARKET ANALYSIS OF VALUE AND SHOULD NOT BE CONSIDERED AN APPRAISAL. 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BRANDON MICHAELS 16830 Ventura Blvd. Suite 100, Encino, CA 91436 GROUP www.marcusmillichap.com SOUTHERN CALIFORNIA'S PREMIER SALES TEAM PROPERTY OVERVIEW MAJOR CAPITAL INFUSION Westfield’s Promenade 2035 EXPEDITED APPROVAL PROCESS Estimated $1.5 billion capital infusion Developers conforming to Specific Plan Urban Design guidelines PROPERTY OVERVIEW PROPERTY Uptown at Warner Center may process approvals which City of Los Angeles estimates of 4-6 PROPERTY OVERVIEW $3-4 billion capital infusion months from complete project submission @ WARNER CENTER 6443 Topanga Canyon Blvd | Woodland Hills, CA 91303 Brings entertainment, culture, sporting events to the heart of the San Fernando Valley activating residents to live, work, shop, stay and play. “BY RIGHT” DEVELOPMENT Projects within WC2035 are subject to Project Permit Compliance, an expedited discretionary approval process saving time, money WHY BUY and resources SIGNIFICANT GROWTH PROJECTIONS 21,000 new households and 80,000 new jobs PREMIER BUSINESS HUB projected in Warner Center by 2035 combined with IN an additional 37 million square feet of business and Upscale community containing well-educated and OVERVIEW DEVELOPMENT & AREA residential buildings and 20,000 residential units professional workforce, Warner Center is the central WARNER business district of the San Fernando Valley SELF-SUSTAINING COMMUNITY FORTUNE 500 COMPANIES MAJOR OFFICE TOWERS • Walt Disney Company • Warner Center Towers One of Los Angeles’ largest urban developments, CENTER? • Amgen Inc. • LNR Warner Center Warner Center is truly a Self-Sustaining, Walkable, • Health Net Inc. • Trillium Towers Transit-Oriented, Mixed • Avery Dennison Corp • Farmers Plaza Walkability to area/lifestyle amenities including entertainment, dining, shopping, transit, housing ANALYSIS FINANCIAL and employment SHOPPING CENTERS TRANSIT ORIENTED DEVELOPMENT Westfield Topanga ● UNIQUE LIFESTYLE AND AREA AMENITIES Westfield Topanga The Village ● Ideal mix of housing, shopping, and entertainment, Westfield Promenade ● Ideal combination of a downtown lifestyle with the feel of a local regional transit access, and a pedestrian-oriented neighborhood amidst beautifully landscaped outdoor spaces, environment. Three Orange Line stations. cultural event centers, fitness centers, entertainment/sports DEMOGRAPHICS complexes, and high end retailers and restaurants 6 7 NORTHROP GRUMMAN SITE A 1.27 million-square-foot development plan that would bring WARNER CENTER, CA 566 independent living units to 6636 VARIEL AVE Warner Center. A new seven-story residential project with 271 apartments above a parking CARILLON APARTMENT HOMES OVERVIEW PROPERTY structure. PROPERTY OVERVIEW CANOGA AVENUE A class A, 264-unit multifamily CALIFORNIA HOME BUILDERS SITE property in Woodland Hills, has sold for $93 million or $352,272 per unit. A combined 588 units of housing and 66,000 square feet of commercial space. UPTOWN AT WARNER CENTER $4 billion mixed-use development 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 OVERVIEW DEVELOPMENT & AREA office buildings TRIANA APARTMENT VANOWEN STREET A 362-unit residential complex in the Warner Center. TOPANGA CANYON BOULEVARD FINANCIAL ANALYSIS FINANCIAL 21200 OXNARD ST A 52,581-square-foot, single-story OXNARD STREET VICTORY BOULEVARD flex commercial building on 3 acres WESTFIELD PROMENADE 2035 in Woodland Hills. OWENSMOUTH AVENUE ERWIN STREET ($1.5 billion capital infusion - 1,400 residential units, 2 hotels, 864,000 SF Class A office & retail, Entertainment and Sports Center) DEMOGRAPHICS 8 9 WARNER CENTER TOWERS 1.9 million SF of Class A office towers WESTFIELD PROMENADE 2035 ($1.5 billion capital infusion - 1,400 residential units, 2 hotels, 864,000 SF Class A office & retail, Entertainment and Sports Center) Amazon’s New Grocery Concept Called ‘Amazon Fresh,’ Now Open in Woodland Hills, Company’s First Location PROPERTY OVERVIEW PROPERTY PROPERTY OVERVIEW SUMMARY WESTFIELD THE VILLAGE (2.1 million square feet and houses anchor stores Macy’s, Neiman Marcus, Nordstrom, and Target) A BRAND NEW 2020 CONSTRUCTION SINGLE-TENANT NNN SHAKE SHACK IDEALLY LOCATED DIRECTLY ACROSS FROM WESTFIELD LUXURY APARTMENTS @ WARNER CENTER TOPANGA & THE VILLAGE IN THE HEART OF THE WARNER CENTER, CA, Executive ONE OF CALIFORNIA’S LARGEST URBAN DEVELOPMENTS 6443 Topanga Canyon Blvd | Woodland Hills, CA 91303 AREA & DEVELOPMENT OVERVIEW DEVELOPMENT & AREA TRAFFIC COUNT: 29,777 VEHICLES PER DAY he Brandon Michaels Group of Marcus & Millichap has been selected to exclusively represent for sale a high-profile, brand new 2020 construction VICTORY BOULEVARD Tfree-standing single-tenant Shake Shack, ideally located at 6443 Topanga Canyon Boulevard directly across the street from Westfield Topanga & The Village in Woodland Hills, CA. The subject property is located just three parcels northwest of the signalized intersection of Victory Boulevard and Topanga Canyon Boulevard, within the boundaries of the high-growth, high-demand submarket of the Warner Center. Shake Shack executed a ten-year corporate guaranteed NNN lease that runs through January 2031, with two 5-year options to extend the lease term through to January of 2041. Minimum rent payments increase by 10% starting July 1, 2025, and on the first day of each option term. uilt in May 2020, the subject property is 3,616 square feet situated on 14,397 square feet of land zoned LAWC within the boundaries of the Warner Center B2035 Specific Plan. The site has a total of 14 parking spaces, and benefits from excellent visibility with 120 feet of frontage and one ingress point along ANALYSIS FINANCIAL Topanga Canyon Boulevard. The restaurant has seating for 80 people inside and offers