SVN Sells Westlake Medical Office
- Oct 23, 2017
SVN – Rich Investment Real Estate, a full-service commercial real estate brokerage firm, sold a 29,783-square-foot medical building located at 3180 Willow Lane in Westlake Village, Calif. Both sides of the transaction were represented by SVN – Rich Investment Real Estate’s partner, the Pacific Bridge Team of commercial real estate advisors, which consists of Jeff Albee, Travis Albee and Tilden Moschetti.
“With this sale, Willow Lane will be entirely renovated and will continue attracting top-tier medical professionals to serve the local community,” said Travis Albee, vice president of SVN’s Pacific Bridge Team, in prepared remarks.
The new owners, who are planning to remodel the common areas, upgrade tenant improvements and renovate the building’s façade, bought the asset for $8.9 million.
“With the forthcoming improvements to the asset, the sale of 3180 Willow Lane is a great win for the City of Westlake Village and its medical community,” said Tilden Moschetti, CCIM, in a prepared statement.
Image courtesy of SVN – Rich Investment Real Estate