office building | city plaza Cerritos
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office building city plaza Cerritos
14,720 SF 95% Leased Office Building Cerritos, CA 90703 $6,500,000 ($442/SF) 7.81% Cap Rate
Investment Highlights
- High-exposure, Freeway adjacent, Prime location Office Building at Primary location in Cerritos, CA
- Over 7.5% Cap Rate
- 2013 Built very low maintenance in Exceptional investment opportunity, In a rapidly appreciating and highly demanded area.
Executive Summary
Discover an exceptional investment opportunity in the heart of Cerritos’ bustling commercial district! This modern office building, completed in 2014, sits on nearly one acre and offers easy access to top amenities. Enjoy a short walk to the Los Cerritos Shopping Center, Starbucks, Target, and other popular chain stores. it is located in the same plaza with 85°C Bakery Café, Gen Korean BBQ, Jollibee Chicken, and many other popular restaurants and stores. The property boasts ample parking and 24-hour access, making it convenient for tenants and clients alike. With low management and maintenance costs, this building has maintained high occupancy rates since completion, yielding over 7.5% returns. Current seller uses around 3500 sf on the first floor which the new buyer may can use immediately or seller lease back upon closing. Don’t miss out on this rare chance to invest in a thriving location with endless potential!
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$540,650
|
$36.73
|
| Other Income |
$28,268
|
$1.92
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$568,918
|
$38.65
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$61,461
|
$4.18
|
| Net Operating Income |
$507,457
|
$34.47
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $540,650 |
| Annual Per SF | $36.73 |
| Other Income | |
|---|---|
| Annual | $28,268 |
| Annual Per SF | $1.92 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $568,918 |
| Annual Per SF | $38.65 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $61,461 |
| Annual Per SF | $4.18 |
| Net Operating Income | |
|---|---|
| Annual | $507,457 |
| Annual Per SF | $34.47 |
Property Facts
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
14,720 SF
Building Class
B
Year Built
2013
Price
$6,500,000
Price Per SF
$442
Cap Rate
7.81%
NOI
$507,457
Percent Leased
95%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,360 SF
Slab To Slab
12’
Building FAR
0.34
Lot Size
0.98 AC
Zoning
CECR - The subject property is located within a highly desirable commercial zone in Cerritos, CA, which allows for a variety of office and retail uses.
Parking
50 Spaces (3.4 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Recessed Lighting
- Air Conditioning
- Smoke Detector
Walk Score ®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 7039-021-037 | Improvements Assessment | $2,556,619 (2024) |
| Land Assessment | $1,871,520 (2024) | Total Assessment | $4,428,139 (2024) |
PROPERTY TAXES
Parcel Number
7039-021-037
Land Assessment
$1,871,520 (2024)
Improvements Assessment
$2,556,619 (2024)
Total Assessment
$4,428,139 (2024)
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office building | city plaza Cerritos
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