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Raul Vargas Of Farmers Insurance Renews 251774 Square Foot Lease At 6301 Owensmouth Avenue

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LEASED

California

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Office251,774 SF
Leased 01/06/2026
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Property Image
LEASED

Raul Vargas Of Farmers Insurance Renews 251774 Square Foot Lease At 6301 Owensmouth Avenue

6301 Owensmouth Avenue

See Similar Deals
Office251,774 SF
Leased 01/06/2026
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:251,774 SF
Transaction Type:Lease

The property involved in this transaction is an office asset located at 6301 Owensmouth Avenue in Woodland Hills, encompassing a total square footage of 251,774. This lease renewal reinforces the tenant's decision to remain in the property while consolidating from two separate buildings, which highlights the importance of maintaining a physical headquarters in response to evolving work patterns following the pandemic.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Square Footage: 251,774
  • Address: 6301 Owensmouth Avenue
  • Market: Woodland Hills
  • Tenant: Raul Vargas - Farmers Insurance

Raul Vargas represents Farmers Insurance in this lease renewal transaction. The decision to renew the lease marks a strategic shift from the company's previous plans to sublease, indicating a commitment to the office space while adapting to current demands in the West San Fernando Valley market.

Details

LEASED
IMAGE: Raul Vargas DATE: 01/06/2026 ADDRESS: 6301 Owensmouth Avenue MARKET: Woodland Hills ASSET TYPE: Office ~ SF: 251,774 TENANT: Raul Vargas - Farmers Insurance NOTE: Farmers Insurance renewed its 251,774-square-foot headquarters lease at 6301 Owensmouth Ave. in Woodland Hills, consolidating from two buildings and marking the largest Los Angeles office transaction in Q4 2025.The renewal reverses Farmers’ prior sublease plans, signaling a commitment to maintain a physical headquarters while rightsizing space in line with post-pandemic work patterns, and helps reduce sublease availability in the West San Fernando Valley.

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Deal Type
Effective Rent (Annual)

$14,431,533.75

Total Lease Value

$144,315,337.49

Net Landlord Cash Flow$14,431,533.75