Oak Park Investments acquires Westlake Village Warehouse / Office building in a sale-leaseback with Guitar Center
LOS ANGELES COUNTY May 26th, 2026 – Oak Park Investments, a Los Angeles-based commercial real estate investment firm, today announced the acquisition of a 98,086-square-foot warehouse facility located at 5775-5785 Lindero Canyon Road in Westlake Village, California. The transaction was structured as a sale-leaseback with Guitar Center, the world's largest retailer of musical instruments and audio equipment, which will continue to occupy the facility as part of their corporate headquarters campus. Oak Park Investments and Arise Investments acquired the property in partnership with Nelnet Real Estate Ventures.
"Oak Park Investments is proud to add to our growing portfolio of properties in the western United States with this acquisition of a prominent building within the Conejo Valley submarket," said Ori Doron, Co-Founder and Principal of Oak Park Investments. "This is an irreplaceable asset that benefits from strong demographics and superior nearby amenities. We look forward to working with Guitar Center during their occupancy of the building."
“We identified this off-market opportunity and invested a significant amount of time working with Guitar Center’s leadership to structure a transaction which worked for all parties involved,” added Danny Soroudi, Principal at Arise Investments. “Guitar Center required flexibility in their leaseback terms and certainty of execution, which we were able to provide through a creative framework” he added.
Situated on seven acres, the multi-building campus features 1,200 amps of power, 26-foot clear heights, and 273 parking stalls. The property offers direct access to the 101 freeway and premier retail and restaurant amenities.
The acquisition reflects the partnership's conviction in the Westlake Village industrial submarket, which ranks among the most supply-constrained in Southern California. According to CBRE Research, Westlake Village posted an overall vacancy rate of just 0.8%, the lowest of any submarket in Ventura County, with no industrial product currently under construction.
The Conejo Valley's industrial market is underpinned by one of the most dynamic business ecosystems in Southern California. Amgen, the global biopharmaceutical giant, has been headquartered in Thousand Oaks for decades and recently announced a $600 million investment in a new research and development facility at its primary campus. The region is also home to a dense concentration of aerospace, defense, life sciences, and technology firms that drive sustained demand for high-quality industrial space and create a deep, skilled labor pool, factors that continue to attract both occupiers and investors to the submarket.
About Oak Park Investments: Oak Park Investments is a Los Angeles-based commercial real estate investment firm with a specialized focus on acquiring industrial and multifamily properties and growing a portfolio of assets in select target markets throughout the Western United States.
About Arise Investments: Arise Investments is a privately held real estate company with a focus on acquiring retail, multi-family, and industrial value-add and development opportunities throughout Arizona, California, Colorado, New Mexico and Utah.
About Nelnet Real Estate Ventures: Nelnet Real Estate Ventures has been actively investing in real estate since 2013, committing more than $400 million to assets across multifamily, industrial, office, retail, self-storage, and specialty sectors. The business focuses on middle-market opportunities in U.S. markets with strong demographics and long-term growth potential, partnering with experienced sponsors to deliver flexible capital and lasting value.
