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SOUTHERN CALIFORNIA NEWS
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Woodland Hills Office Building Goes for $178/sf

8/11/14

A two-story, 53.2k sf office building in Woodland Hills traded hands for $9.45 mil ($178/sf). The multi-tenant building is located at 5955 De Soto Ave, at the corner of De Soto and Oxnard Ave.

The jewel box building has attractive finishes, beautifully landscaped grounds and highly functional floor plates. Currently 93% leased, the building is 73% occupied by University of Phoenix and Accredited Nursing.

Bob Safai and Matt Case of Madison Partners represented the seller in this off-market transaction. The transaction came in at a 7% cap rate.





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