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. 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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 21930 & 21936 VENTURA WOODLAND BOULEVARD, HILLS, 91364 CA 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 9 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 WOODLAND BOULEVARD, HILLS,