McDermott Group Land Advisors and Brandon Michaels Group of Marcus & Millichap have been selected to exclusively market for sale 21300 Oxnard Street, a 2.31 Acre (100,596 square feet) piece of land ideally located in Woodland Hills within the boundaries of the Warner Center Specific Plan in the Commerce District.  21300 Oxnard Street is centrally located in the high demand submarket of Warner Center, which boasts high-end demographics with an average household income north of $100,000, dense immediate population, high barriers to entry and strong market fundamentals. Warner Center has undergone tremendous growth, with over 2,500 units in development or recently completed. Rents have soared by 33% in the last five years, making this one of the strongest rental submarkets in Southern California.  

21300 Oxnard Street is an excellent location within the Warner Center, centrally located just north of the Interstate 101 Ventura Freeway and conveniently positioned in the center of a broad range of employment and retail options. 21300 Oxnard Street is ideally located within the barrage of new hotels, residential buildings, and multi-use complexes. The uniqueness of this offering is further defined by its central location positioned within close proximity to some of the country’s largest planned developments. The Westfield Promenade, which is located 0.5 of a mile from the subject property, was just bought by Los Angeles Rams owner Stan Kroenke. Previously undergoing a $1.5 billion renovation which will include retail, Class A office, two hotels, 14,000 residential units, and an entertainment and sports center, that plan may move forward, or the site may be used for the Rams Practice facility.  Uptown at Warner Center is receiving a $3 billion capital infusion to complete a mixed-use development. Significant growth is projected in the immediate area, with 37 million square feet of business and residential buildings, 14 million square feet of non-residential building area, 20,000 residential units, and 80,000 new jobs slated to be completed. 

21300 Oxnard Street is fully entitled for a two-phase development. Phase 1 includes a five story, wood frame residential building consisting of 184 residential units totaling 154,000 square feet over a 2.5 level concrete parking structure with 226 parking stalls.  The first floor of the building includes residential amenities and parking. The site also includes a seven story, 127 room wood frame hotel over 1 level of below grade parking. The first floor of the hotel provides amenities for the hotel guests. Phase 2 includes the addition of a 13-story steel frame medical office tower totaling 84,000 square feet over four stories of below grade parking.,The first floor of the tower will provide 5,000 SF of commercial space. There is a 37,000 square floor office building currently on the site, which affords a developer the unique opportunity to generate cash flow prior to developing the site.