1151 W 5th St
25,120 SF Vacant Office Building Azusa, CA 91702 $6,495,000 ($259/SF)
INVESTMENT HIGHLIGHTS
- Great Owner User Investment Opportunity For Medical & Business Professionals Located in City of Azusa in the San Gabriel Valley
- Property is Located Within Close Proximity to 210 Freeway & Foothill Blvd Making Property Easily Accessible
- 25,120 SF Medical Office Building Situated on a 1.33 AC Parcel of Land With Abundance of Surface Level & Subterranean Parking
- New 10 Year Billboard Lease Generates 30k Annually With 2 Ten Year Options To Extend - 10% Rental Increases Every Five Years
EXECUTIVE SUMMARY
**$500,000.00 PRICE REDUCTION - PROPERTY WILL BE SOLD - SUBMIT ALL OFFERS**
REMAX/ONE Commercial is proud to present to the market this extremely rare & attractive investment opportunity located at 1151 W 5th St in the city of Azusa CA. The Offering consists of a freestanding 25,120 SF two story medical office building situated on a 1.33 AC parcel of land with industrial zoning AZM2YY. The property is available for sale or lease and is the perfect investment opportunity for an owner user medical group to operate their practice from while leasing out the remaining space to other medical or business professionals. The property also provides an ideal location for Self Storage redevelopment due to the large parcel size and close proximity to the 210 Freeway.
The property has been exceptionally well maintained and has an abundance of surface level & subterranean parking spaces totaling 119 parking stalls. The building is equipped with an elevator that can be accessed from the subterranean parking area that reaches both floors of the property. The entry way to the the property has a large atrium reception area in the front lobby with a 22 foot ceiling height.
The property is strategically located at the corner of W 5th St & Zachary Padilla Ave with the property line bordering the 210 Fwy providing a heightened amount of visibility to the 272,544 daily commuters using the 210 Fwy. The property is located directly off of the 210 Fwy at the Irwindale Ave exit as well as the Vernon Ave exit making the property easily accessible for employees and business patrons.
REMAX/ONE Commercial is proud to present to the market this extremely rare & attractive investment opportunity located at 1151 W 5th St in the city of Azusa CA. The Offering consists of a freestanding 25,120 SF two story medical office building situated on a 1.33 AC parcel of land with industrial zoning AZM2YY. The property is available for sale or lease and is the perfect investment opportunity for an owner user medical group to operate their practice from while leasing out the remaining space to other medical or business professionals. The property also provides an ideal location for Self Storage redevelopment due to the large parcel size and close proximity to the 210 Freeway.
The property has been exceptionally well maintained and has an abundance of surface level & subterranean parking spaces totaling 119 parking stalls. The building is equipped with an elevator that can be accessed from the subterranean parking area that reaches both floors of the property. The entry way to the the property has a large atrium reception area in the front lobby with a 22 foot ceiling height.
The property is strategically located at the corner of W 5th St & Zachary Padilla Ave with the property line bordering the 210 Fwy providing a heightened amount of visibility to the 272,544 daily commuters using the 210 Fwy. The property is located directly off of the 210 Fwy at the Irwindale Ave exit as well as the Vernon Ave exit making the property easily accessible for employees and business patrons.
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Property Subtype
Building Size
25,120 SF
Building Class
B
Year Built/Renovated
1985/2022
Price
$6,495,000
Price Per SF
$259
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,560 SF
Building FAR
0.43
Lot Size
1.33 AC
Zoning
AZM2YY - West End Light District
Parking
119 Spaces (4.74 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Atrium
- Controlled Access
- Conferencing Facility
- Fenced Lot
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
RE/MAX ONE Commercial is proud to present to the market the opportunity to lease 1151 W 5th St, Azusa, CA 91702. The property is a 25,120 SF Freestanding Medical Office Building situated on a 1.59 AC Parcel of land. The property was previously occupied by a medical group that utilized the facility as the main hub for all of their laboratory testing, medical services, and private offices. The property has a large secured parking lot with multiple ingress/egress access points & subterranean parking totaling 119 parking spaces.
- 2nd Floor
- 12,560 SF
- Office
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 6,280-12,560 SF | Office | Full Build-Out | Now |
| 2nd Floor | 12,560 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 6,280-12,560 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
2nd Floor
| Size |
| 12,560 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,410,400 | |
| Land Assessment | $10,063,198 | Total Assessment | $19,473,598 |
