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GSA Social Security Office 535-611 W Main St

15,635 SF 81% Leased Retail Building Alhambra, CA 91801 $13,765,864 CAD ($880 CAD/SF) 5.50% Cap Rate

Investment Highlights

  • GSA Social Security Office.
  • Strategic Location in Downtown Alhambra.
  • Across from LA County Housing Development Authority.
  • Renovation in 2011 and 2023.
  • Near the major intersection of Main St and Atlantic Blvd.

Executive Summary

Federal government guaranteed GSA Social Security office who just signed a new 20 year lease. Benefiting from major renovations in 2011 and 2023, the building presents a modern facade, blending contemporary aesthetics with functional design. Securing a 15+5-year lease with the Social Security Federal Government with stable income. Strategic Intersection: Located near the significant crossroads of Main St and Atlantic Blvd in downtown Alhambra. With a number of government(city hall, LA County Housing), schools, entertainment/shopping centers and high density residential nearby. West of this property is Alhambra Auto row with dealerships like BMW, Tesla, Honda, Toyota etc... Mixed-Use Surroundings: Flanked by mixed-use residential and commercial developments, this locale promises a vibrant and bustling business environment.

Financial Summary (Pro forma - 2024) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Pro forma - 2024) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
15,635 SF
Building Class
C
Year Built/Renovated
1939/2023
Price
$13,765,864 CAD
Price Per SF
$880 CAD
Cap Rate
5.50%
NOI
$757,123 CAD
Percent Leased
81%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.61
Land Acres
0.59 AC
Zoning
ALCPD*
Parking
26 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
200 ft on W Main St

Amenities

  • Dedicated Turn Lane
  • Signage
  • Signalized Intersection

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Public Administration
  • 99,999 SF
  • -
  • Jan 0000

Social Security provides financial protection for the nation’s people, supporting Americans throughout all of life’s journeys. They administer retirement, disability, survivor, and family benefits, and enroll individuals in Medicare. They also provide Social Security Numbers, which are unique identifiers needed to work, handle financial transactions, and determine eligibility for certain government services. Social Security provides retirement income for almost every American worker. They also administer Supplemental Security Income (SSI) to some individuals over a certain age who have limited income and resources. With retirement, disability, and survivors benefits, Social Security is one of the most successful anti-poverty programs in the nation's history. Social Security is committed to helping maintain the basic well-being and protection of the people they serve. They pay benefits to millions of people including retirees, children, widows, and widowers.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Public Administration 99,999 SF - Jan 0000

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • B
  • 1,450 SF
  • Office/Retail
  • -
  • Now

2 level office space perfect for professional services like CPA, Insurance, private office etc... 725 SQFT per floor. 2nd floor has a shower and storage room. Ground floor has a restroom and sink. Unit faces parking lot

Space Size Space Use Position Available
B 1,450 SF Office/Retail - Now

B

Size
1,450 SF
Space Use
Office/Retail
Position
-
Available
Now

B

Size 1,450 SF
Space Use Office/Retail
Position -
Available Now

2 level office space perfect for professional services like CPA, Insurance, private office etc... 725 SQFT per floor. 2nd floor has a shower and storage room. Ground floor has a restroom and sink. Unit faces parking lot

Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Denny's
HSBC
bb.q. Chicken
Chase Bank
Citi
Krispy Krunchy Chicken
Starbucks
Bank of Montreal
Flight
The Habit Burger Grill

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
5338-033-033
Land Assessment
$4,389,656 CAD
Improvements Assessment
$3,036,178 CAD
Total Assessment
$7,425,834 CAD
  • Listing ID: 29556404

  • Date on Market: 2023-09-19

  • Last Updated:

  • Address: 535-611 W Main St, Alhambra, CA 91801

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