Paley Commercial Real Estate is excited to announce that the popular burger and milkshake joint, Shake Shack, is coming to Warner Center. Construction is underway on the 14,000 square foot lot and is expected to be completed by March 2020. The former Chinese restaurant is being replaced by a brand new 3,585 square foot building that will seat 80 people inside and offer outdoor seating for approximately 30 people. While many valley residents are looking forward to the opening, the question at hand is how such a large operation will succeed with a total of 13 parking spaces on-site.
Furthermore, the Owner/Developer has decided to list the property “For Sale” at a whopping $7.99 Million. The Seller is justifying the 3.9% Cap Rate by highlighting the long-term lease (10 years with two 5 year options), high lease rate, and pending expansion of Warner Center. To read more click here.
Paley Real Estate are San Fernando Valley commercial real estate brokers who have served the region for over 35 years. With our office conveniently located off of Ventura Boulevard and Topanga Canyon at 22033 Clarendon Street, we are considered experts in all things relating to San Fernando Valley commercial real estate. Whether it is leasing, selling, or managing your commercial asset, Paley Commercial has the experience and knowledge to assist you. With all the upcoming changes coming to Woodland Hills, let the team at Paley Commercial Real Estate help you plan for the future of your commercial property.