TOPANGA GATEWAY (WOODLAND HILLS)
TOPANGA GATEWAY (WOODLAND HILLS)
Topanga Gateway is a 123,000 SF grocery-anchored retail center strategically positioned at the high-traffic intersection of Topanga Canyon Boulevard and Ventura Boulevard in Woodland Hills, California. The location benefits from exceptional visibility, with more than 99,000 cars per day passing the intersection and immediate access to the 101 Freeway, which carries an additional 234,000 cars per day.
The property is anchored by Ralphs, one of the region’s top-performing grocery stores that has operated at this location since 1993. Ralphs’ strong history and performance provide a stable foundation for the center and reinforce Topanga Gateway’s position as a premier retail asset in the West San Fernando Valley.
Highlights of the project are as follows:
- High Performing Ralph’s Anchored Center: Ralphs has been a tenant at Topanga Gateway for more than 30 years, since 1993.
- Strong Cash Flowing Asset with Upside From Mark to Market on Rents: The property produces approximately ½ of the total return from cash flow. Further the property has recently been completely renovated with some rents in-place that still haven’t been marked to market providing additional upside.
- Exceptional Traffic Counts: The center boasts incredible traffic counts of over 99,000 cars per day. Additionally, the center is immediately off of the 101 Freeway which has a total of 234,000 cars per day.
- Exceptional Demographic Profile:
- Strong Household Incomes: Average household incomes within a 1-mile and 3-mile radius are $155,058 and $149,289.
- Great Population Density: 158,404 in 3 miles and 362, 979 in 5 miles.
