CBRE, Inc., as exclusive advisor to the receiver, is pleased to present to owner-users the opportunity to acquire 12898 Towne Center Drive (the “Property”), a free-standing, two-story, 80,821-square-foot office building on 4.6 acres with dedicated parking in Cerritos, California. The Property is being offered on a leasehold basis, free and clear of any existing debt. Presently leased to Mosaic Health through August 2025, the Property offers near-term income while an owner-user designs a future build-out of the space.
12898 Towne Center Dr was built in 1993 as part of the three-phase Cerritos Towne Center that was built between 1989 and 1998. Strategically positioned in the Mid-Counties submarket, the Property offers excellent visibility and convenient access to both the I-605 and SR -91 Freeways. 12898 Towne Center is one of only four buildings in the Los Angeles or Orange County office markets that offers 75-100k SF of contiguous office space available for sale in a standalone building.