26 Centerpointe Dr, La Palma, CA 90623
22,271 SF | 100% Leased | Office Building | La Palma, CA 90623 | $7,108,000 ($319/SF) | 6.75% Cap Rate
For Sale
Active
Asking Price $7,108,000
- Property Type
-
Office
- Square Feet
- 22,271 SF
- Price / Square Foot
- $319
Listing Contacts
Sammy Cemo
Anthony DeLorenzo
Bryan Johnson
Nick Williams
- Property Info
Property Overview
VALUE-ADD LOW-RISE OFFICE/FLEX OPPORTUNITY IN MID-COUNTIES CAMPUS SETTING
* High-Image, Campus-Environment Offering | Unique opportunity to acquire a distinguished asset in one of the most dominant business regions in the world. The low-rise asset is located within a campus setting with lush landscaping, recent multimillion-dollar common-area upgrades, and an association lounge space. It offers convenient surface parking, excellent egress/ingress with direct freeway access, and a high-traffic location with high-growth potential.
* Ease of Ownership | The NNN leases provide ease of ownership and security from owning in one of the safest real estate markets in the U.S. New ownership enjoys passive, durable cash flow during the investment period.
* Strong In-Place Cash Flow with Income Growth | 100% leased with a WALT of ±4.8 years, the offering provides incredible day 1 cash flow with the ability to gradually increase with in-place rents currently 5% below market levels.
STRONG MARKET FUNDAMENTALS
* Core Market | Orange County is among the top investment markets in the Americas in 2023 among investors, reflecting the county's resilient industries, stable economic fundamentals and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
* Favorable Suburban Low-Rise Trends | Over the last decade, growth among low-rise products has been robust, out-pacing high-rise products in vacancy compression and rent growth. This trend is expected to continue into the foreseeable future.
RENOWNED ENTERTAINMENT LOCATION WITH EXPANDING RESORT AMENITIES
* Highly Desirable Location | La Palma is a meeting point between Los Angeles and Orange Counties. This central location has convenient freeway access and offers ease of commute for the area’s businesses and tenants, as well an affordable
alternative to other costly areas of Southern California.
* Multi-Modal Transportation Access | The surrounding multimodal transit hub offers ease of commute for the region’s workforce, as well as proximity to workforce and executive housing. Located immediately off SR-91 freeway, the asset has superb access to I-5 and I-605, as well as Long Beach International Airport and several Metrolink stations.
* High-Image, Campus-Environment Offering | Unique opportunity to acquire a distinguished asset in one of the most dominant business regions in the world. The low-rise asset is located within a campus setting with lush landscaping, recent multimillion-dollar common-area upgrades, and an association lounge space. It offers convenient surface parking, excellent egress/ingress with direct freeway access, and a high-traffic location with high-growth potential.
* Ease of Ownership | The NNN leases provide ease of ownership and security from owning in one of the safest real estate markets in the U.S. New ownership enjoys passive, durable cash flow during the investment period.
* Strong In-Place Cash Flow with Income Growth | 100% leased with a WALT of ±4.8 years, the offering provides incredible day 1 cash flow with the ability to gradually increase with in-place rents currently 5% below market levels.
STRONG MARKET FUNDAMENTALS
* Core Market | Orange County is among the top investment markets in the Americas in 2023 among investors, reflecting the county's resilient industries, stable economic fundamentals and sustained rent growth. With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
* Favorable Suburban Low-Rise Trends | Over the last decade, growth among low-rise products has been robust, out-pacing high-rise products in vacancy compression and rent growth. This trend is expected to continue into the foreseeable future.
RENOWNED ENTERTAINMENT LOCATION WITH EXPANDING RESORT AMENITIES
* Highly Desirable Location | La Palma is a meeting point between Los Angeles and Orange Counties. This central location has convenient freeway access and offers ease of commute for the area’s businesses and tenants, as well an affordable
alternative to other costly areas of Southern California.
* Multi-Modal Transportation Access | The surrounding multimodal transit hub offers ease of commute for the region’s workforce, as well as proximity to workforce and executive housing. Located immediately off SR-91 freeway, the asset has superb access to I-5 and I-605, as well as Long Beach International Airport and several Metrolink stations.
Property Details
- Class
- B
- Year Built
- 1985
- Stories
- 1
- Lot Size (sq. ft)
- 65,776 SF
Highlights
- VALUE-ADD LOW-RISE OFFICE/FLEX OPPORTUNITY IN MID-COUNTIES CAMPUS SETTING
All available spaces
- Space
- 1st Fl-Ste 115
- Size
- 4,485 SF
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