22 Centerpointe Dr - Office FOR SALE


La Palma, CA 90623
$5,366,000 USD
949-378-7364
22 Centerpointe Dr, La Palma, CA for Sale
$5,366,000 USD
Office - FOR SALE
1/6
null | 6.56% Cap Rate

22 Centerpointe Dr
La Palma, CA 90623


HIGHLIGHTS

  • VALUE-ADD LOW-RISE OFFICE/FLEX OPPORTUNITY IN MID-COUNTIES CAMPUS SETTING

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. * Value-Add Proposition | The bite-sized nature of the offering provides new ownership with a small flex building with upside potential in leasing out the last remaining vacant unit, while still maintaining strong in-place cash flow. 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.

FOR SALE DETAILS

PRICE

$5,366,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

6.56%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

80

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,855 SF

ZONING

B-1

APN/PARCEL ID

276-081-53

ASK ABOUT THIS PROPERTY

Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

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Anthony DeLorenzoCBRE, Inc.More Info
949-378-7364

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.