901 Corporate Center Dr - Office FOR SALE


Monterey Park, CA 91754
$21,888,000 USD
909-910-6656
901 Corporate Center Dr, Monterey Park, CA for Sale
$21,888,000 USD
Office - FOR SALE
1/15
null | 7.68% Cap Rate

901 Corporate Center Dr
Monterey Park, CA 91754


HIGHLIGHTS

  • 99,831 SF | $195.33 $/SF | 8.5% Cap | $1,657697 Yr. 1 NOI | 96.21% Occupied
  • Institutional Quality: High-Image Class-A 5-Story Office Building with 710 Freeway Exposure
  • The Los Angeles Corporate Center is a prestigious 1.1 million SF master-planned office park located only 6 miles east of Downtown Los Angeles
  • Abundant Parking: A blend of surface parking and a three-level structure provides a parking ratio of 4.1/1,000 SF
  • Stable Cash Flow: The investment property boasts high-image, highly efficient facilities that retain high-quality tenants
  • Energy Efficient: A solar panel roof strategically placed on the parking structure offsets electricity costs for the property

OVERVIEW

Lee & Associates – Pasadena is pleased to present 901 Corporate Center in Monterey Park, California. The ±99,831 square foot Class A, institutional-quality 5-story office building is located within a prestigious 1.1 million square foot master-planned office park and is one of the most prominent office buildings within the Los Angeles Corporate Center. The property is equipped with 3 elevators and has a parking ratio of ±4.1/1,000 offering a blend of surface parking and the added convenience of an adjacent three-level parking structure with a canopy of solar panels leased by ownership. Strategically positioned at the core of the Central Los Angeles Basin, 901 Corporate Center boasts unparalleled accessibility, with the sprawling network of major freeways very close by. Within a mere 2.5-mile radius, the Long Beach (I-710), San Bernardino (I-10), Pomona (SR-60), and Santa Ana (I-5) freeways intertwine, creating easy access to any city in Southern California for the tenants and their clients.

FOR SALE DETAILS

PRICE

$21,888,000 USD

PRICE/SF

$219 USD /SF

CAP RATE

7.68%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Los Angeles Corporate Center

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

5

BUILDING CLASS

A

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

10.73 AC

LAND SF

467,399 SF

ZONING

C2

APN/PARCEL ID

5237-022-014,5237-022-021,5237-022-046,5237-022-047

ASK ABOUT THIS PROPERTY

Jamie HarrisonLee & Associates - PasadenaMore Info
909-910-6656

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Jamie HarrisonLee & Associates - PasadenaMore Info
909-910-6656

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