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Hollenbeck Center | West Covina 2149-2155 E Garvey Ave N

26,000 SF 100% Leased Office Building West Covina, CA 91791 £4,740,060 (£182/SF) 5.30% Net Initial Yield

Investment Highlights

  • Prime I-10 (San Bernardino) freeway frontage visibility to ±223,138 vehicles per day.
  • Signalized intersection location.
  • Two-story, multi-tenant freestanding Class B office building.
  • Building Signage Available.
  • Low maintenance professional property extremely well-maintained.
  • Visit www.2149-2155GarveyAve.com for more details.

Executive Summary

Lee & Associates - Pasadena, Inc. is pleased to present this great opportunity to purchase the Hollenbeck Center located at 2149-2155 E. Garvey Avenue N., West Covina, California. Nestled near the San Gabriel Valley Mountains, this two-story, multi-tenant office building enjoys prime freeway frontage facing westbound San Bernardino (I-10) freeway with easy travel between three Southern California counties (Los Angeles, Orange, and San Bernardino). Ideally situated in a mature, dense suburban market, Hollenbeck Center sits on 1.37 acres of land and has been beautifully maintained and professionally landscaped. This low maintenance building is an excellent opportunity for an investor in the market for a value add potential asset.
Nestled near the San Gabriel Valley Mountains, this two-story, ±27,891 SF, multi-tenant office building enjoys prime freeway frontage facing westbound San Bernardino (I-10) freeway, exposed to ±223,138 vehicles per day as well as provides easy travel between three Southern California counties (Los Angeles, Orange, and San Bernardino). Ideally situated in a mature, dense suburban market, Hollenbeck Center sits on ±1.37 acres of land and has been beautifully maintained, professionally landscaped and recently updated.
Built in 1980, the building has a distinctive design following the curve along E. Garvey Avenue N. at Hollenbeck Avenue with over 590’ of street frontage, two curb cuts accessing the large parking lot at 3.1/1,000 SF and a highly visible signalized corner location. This low maintenance building is an excellent opportunity for an investor in the market for a value add potential asset.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
26,000 SF
Building Class
B
Year Built
1980
Price
£4,740,060
Price Per SF
£182
Net Initial Yield
5.30%
NOI
£251,223
Percent Leased
100%
Tenancy
Multiple
Number of Floors
2
Typical Floor Size
13,000 SF
Building FAR
0.44
Land Acres
1.37 AC
Zoning
CN, West Covina
Parking
80 Spaces (3.08 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8454-012-023
Land Assessment
£1,295,986
Improvements Assessment
£2,168,617
Total Assessment
£3,464,603
  • Listing ID: 28216013

  • Date on Market: 12/04/2023

  • Last Updated:

  • Address: 2149-2155 E Garvey Ave N, West Covina, CA 91791

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