S&G Properties Acquires $10.05 Million Warner Center Office Building for Mixed Use

S&G Properties Management LLC has acquired a three-story, 62,241-square-foot office building at 5550 Topanga Canyon Boulevard in the Warner Center/Woodland Hills submarket of Los Angeles for $10.05 million. The commercial real estate transaction was facilitated by Lee & Associates–LA North/Ventura, Inc., whose team represented the buyer throughout the acquisition process.

The buyer plans to implement a mixed-use strategy for the property, occupying a portion of the building for its company Citiguard, which operates as California's premier security guard company. Simultaneously, S&G Properties will invest significant capital into comprehensive renovations of both the interior and exterior spaces. These improvements will include creating on-site amenities designed to attract high-quality tenants for the remaining leasable space.

According to Darren Casamassima, Principal at Lee & Associates, the Warner Center/Woodland Hills submarket continues to demonstrate strong demand from owner/users seeking growth opportunities in Los Angeles. The buyer was particularly attracted to the building's prominent location at the corner of Topanga Canyon Boulevard and the 101 Freeway, which provides exceptional visibility to tens of thousands of daily commuters. The property's strategic positioning in the heart of Warner Center offers proximity to the area's main retail and business district, including numerous restaurants, hotels, and a thriving business community comprising local, regional, and national service firms.

The Lee & Associates team, consisting of Casamassima, Principal/Managing Director Scott Romick, and Principal Jay Rubin, will continue their involvement with the property by overseeing leasing operations moving forward. This ongoing relationship underscores the comprehensive service approach that Lee & Associates provides to its clients. For more information about the company's services, visit https://lee-associates.com.

This transaction reflects broader trends in commercial real estate where companies are strategically acquiring properties that serve dual purposes: providing operational space for their own businesses while generating rental income from excess capacity. The planned renovations and amenity enhancements signal confidence in the long-term viability of office space in well-located submarkets like Warner Center, despite evolving workplace trends. The investment also demonstrates continued interest in properties with strong transportation access and visibility, factors that remain crucial for both owner-occupants and potential tenants in the post-pandemic commercial landscape.