526 W Las Tunas Dr - Office FOR SALE


San Gabriel, CA 91776
$9,888,000 USD
213-613-3758
526 W Las Tunas Dr, San Gabriel, CA for Sale
$9,888,000 USD
Office - FOR SALE
1/20
null | Request Cap Rate

526 W Las Tunas Dr
San Gabriel, CA 91776


HIGHLIGHTS

  • TOP REGIONAL HEADQUARTERS OPPORTUNITY – SAN GABRIEL, CA
  • IDEALLY SUITED FOR OWNER/USER
  • TOP PERFORMING OFFICE MARKET - SAN GABRIEL VALLEY
  • STRATEGIC REGIONAL HEADQUARTERS LOCATION

OVERVIEW

TOP REGIONAL HEADQUARTERS OPPORTUNITY – SAN GABRIEL, CA * Rare opportunity for an owner/user to acquire an architecturally significant regional headquarters building fronting on one of the most highly travelled east/west corridors in the densely populated Western San Gabriel Valley. * First time in just under 25 years that the building has been made available for sale. * Currently the only Walker’s Paradise (92 Walkscore) office building for sale within a 5-mile radius that can immediately accommodate a 10K to 20K SF owner/user. * Originally developed as a regional bank branch in 1955, the highly visible building is characterized by a sleek mid-century modern design, with clean lines and thoughtfully appointed elements of brick, glass, and steel. IDEALLY SUITED FOR OWNER/USER * The two-story elevator served building (three floors with basement) offers drive-around surface parking, multiple points of access, abundant natural light, a flexible mix of private offices and open plan, ease of divisibility, separately controlled zones for HVAC for round the clock use, and a Kohler 230KW 120/208V 3 Phase, 4 Wire backup diesel generator for mission critical operations. * This pride of ownership asset has been constantly maintained and upgraded by the owner with the following notable improvements: New cool roof in 2011 with 15-year warranty On-Premise Backup Generator (Kohler 230kW 120/208V 3 Phase, 4 Wire Diesel) New 2,000 pound three-stop hydraulic elevator (installed in August 2021) 95% of the lighting has been retrofitted to LED TOP PERFORMING OFFICE MARKET * The San Gabriel Valley (SGV) is a top performing office market in the Greater Los Angeles (GLA) region with the second lowest direct vacancy rate of 10.3% in 3Q24, well below the GLA regional average of 21.2%. * Unlike other submarkets in GLA witnessing declining rents, over the past 12 months SGV rents have increased by 1.4%, while still offering some of the most competitive rents in GLA. STRATEGIC REGIONAL HEADQUARTERS LOCATION * Excellent regional headquarters location for a company that serves the highly sought after surrounding communities of the Western San Gabriel Valley including Pasadena, South Pasadena, San Marino, Arcadia, Temple City, Alhambra, Rosemead, and Monterey Park. * Excellent access off Las Tunas Drive which is one of the main east/west corridors that connects the cities of the SGV, including the immediately neighboring communities of Alhambra and Temple City. * Close proximity to rooftops, premier walkable amenities, and the 10 (San Bernardino) Freeway and 210 (Foothill) Freeway make this an ideal location to for a first-class regional headquarters.

FOR SALE DETAILS

PRICE

$9,888,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

C1PA, San Gabriel

APN/PARCEL ID

5362-003-025

ASK ABOUT THIS PROPERTY

Mark ShafferCBRE, Inc.More Info
213-613-3758

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Mark ShafferCBRE, Inc.More Info
213-613-3758

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