949-378-7364
, Cerritos, CA for Sale
Office - FOR SALE
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Cerritos Towne Center Portfolio
Cerritos, CA
ABC


HIGHLIGHTS

  • Highly Diversified Rent Roll: The Property is 85.4% leased to a diversified tenant mix of government, finance, healthcare companies, etc.
  • Thriving Business Environment. Cerritos offers a business-friendly environment with low operating costs
  • Strong Historical Occupancy: Cerritos Towne Center has had an average of 87% occupancy since inception.
  • Break-Apart Strategy: Each building has its own APN, providing future flexibility to sell parcels individually to maximize value.
  • Exceptional Accessibility: The city benefits from excellent freeway connectivity, ensuring convenient access for employees and clients.
  • Strong Market Fundamentals: Cerritos boasts historically low vacancy rates due to factors such as a skilled workforce and affordable housing.

OVERVIEW

CBRE, Inc., as exclusive advisor on behalf of the receiver, is pleased to present the opportunity to acquire a leasehold interest in Cerritos Towne Center, a three-building, multi tenant, institutional-quality office campus located in Cerritos, California (the “Property”). Developed in three phases between 1989 and 1998, the Property boasts a historical occupancy rate of 87% since the buildings were built, with a diverse and established tenant roster. Strategically positioned in the Mid-Counties submarket, Cerritos Towne Center offers excellent visibility and convenient access to both the I-605 and SR-91 Freeways. The Property is available at a material discount to replacement cost and offers incredibly attractive cash flow yields of over 10.0% (all-cash) for the first five years.

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.