Los Angeles Corporate Center | 901 Corporate Center Dr
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Los Angeles Corporate Center 901 Corporate Center Dr
99,831 SF 99% Leased 4-Star Office Building Monterey Park, CA 91754 $21,888,000 ($219/SF) 7.68% Cap Rate
Investment Highlights
- 99,831 SF | $195.33 $/SF | 8.5% Cap | $1,657697 Yr. 1 NOI | 96.21% Occupied
- 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
- Stable Cash Flow: The investment property boasts high-image, highly efficient facilities that retain high-quality tenants
- Institutional Quality: High-Image Class-A 5-Story Office Building with 710 Freeway Exposure
- Abundant Parking: A blend of surface parking and a three-level structure provides a parking ratio of 4.1/1,000 SF
- Energy Efficient: A solar panel roof strategically placed on the parking structure offsets electricity costs for the property
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
99,831 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1986
Price
$21,888,000
Price Per SF
$219
Cap Rate
7.68%
NOI
$1,680,726
Percent Leased
99%
Tenancy
Multiple
Building Height
5 Stories
Typical Floor Size
19,966 SF
Building FAR
0.21
Lot Size
10.73 AC
Zoning
C2 - Commercial
Parking
17 Spaces (4.1 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Property Manager on Site
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
1,456 sf of office space available
| Space | Size | Space Use | Condition | Available |
| 4th Fl-Ste 515 | 1,456 SF | Office | Full Build-Out | Now |
4th Fl-Ste 515
| Size |
| 1,456 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
4th Fl-Ste 515
| Size | 1,456 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
1,456 sf of office space available
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $19,374,432 | |
| Land Assessment | $16,970,314 | Total Assessment | $36,344,746 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$16,970,314
Improvements Assessment
$19,374,432
Total Assessment
$36,344,746
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Los Angeles Corporate Center | 901 Corporate Center Dr
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