21825 erwin st
PRICE
BUILDING SIZE
WOODLAND HILLS, CA 91367
$7,885,000
18,210
LOT SIZE
50,573
CAP RATE
PRICE/SF (Bldg)
PRICE/SF (Land)
7.25%
$433
$156
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 21825 Erwin Street, an 18,210 square foot trophy, single-tenant, net-leased Staples situated on 1.16 acres (50,573 SF) of land in the highly affluent Warner Center in Woodland Hills, CA. The subject property is ideally positioned on Erwin Street, just east of Topanga Canyon Boulevard between Westfield Topanga Village and the proposed $10 billion Rams Village mixed-use development.
21825 Erwin Street offers a secure income stream supported by an exceptional underlying commercial profile. The Property features 168 shared parking spaces (2.92 spaces per 1,000 SF) and benefits from AB 2097 eligibility, eliminating municipal parking requirements due to its proximity to transit. Strategically located in the heart of Warner Center’s Downtown District, the San Fernando Valley’s central business district, the site is well positioned to benefit from continued growth and long-term value appreciation as the Warner Center submarket matures.
21825 Erwin Street is well positioned along Erwin Street in Warner Center’s Downtown District. Warner Center, the San Fernando Valley’s regional mixed-use and business hub, is home to some of the most sought after shopping destinations in the region, including the Westfield Topanga and Topanga Village. Directly across the street, Stan Kroenke’s transformation of the 100-acre former Westfield Promenade/Anthem Blue Cross Office into “Rams Village at Warner Center”
Staples is one of the nation’s largest office supply and business services retailers and is actively transitioning toward a diversified, B2B-focused platform. Backed by Sycamore Partners, the Company operates approximately 900 locations nationwide and remains a nationally recognized brand with a long-standing occupancy at the subject property.