Bldg R | 22 Centerpointe Dr
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Bldg R 22 Centerpointe Dr
21,216 SF 100% Leased Office Building La Palma, CA 90623 $7,606,144 CAD ($359 CAD/SF) 6.56% Cap Rate
Investment Highlights
- VALUE-ADD LOW-RISE OFFICE/FLEX OPPORTUNITY IN MID-COUNTIES CAMPUS SETTING
Executive Summary
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.
* 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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
21,216 SF
Building Class
B
Year Built
1986
Price
$7,606,144 CAD
Price Per SF
$359 CAD
Cap Rate
6.56%
NOI
$498,963 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
21,216 SF
Building FAR
0.33
Lot Size
1.48 AC
Zoning
B-1 - Mixed-Use Business
Parking
34 Spaces (1.6 Spaces per 1,000 SF Leased)
Amenities
- Property Manager on Site
- Natural Light
- On-Site Security Staff
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Space | Size | Space Use | Condition | Available |
1st Fl-Ste 100 | 13,188-17,255 SF | Office | - | 90 Days |
1st Fl-Ste 100
Size |
13,188-17,255 SF |
Space Use |
Office |
Condition |
- |
Available |
90 Days |
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VIDEOS
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STREET VIEW
STREET
MAP
1st Fl-Ste 100
Size | 13,188-17,255 SF |
Space Use | Office |
Condition | - |
Available | 90 Days |
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PROPERTY TAXES
Parcel Number | 276-081-53 | Improvements Assessment | $1,395,187 CAD |
Land Assessment | $3,255,442 CAD | Total Assessment | $4,650,630 CAD |
PROPERTY TAXES
Parcel Number
276-081-53
Land Assessment
$3,255,442 CAD
Improvements Assessment
$1,395,187 CAD
Total Assessment
$4,650,630 CAD
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VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
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Bldg R | 22 Centerpointe Dr
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