526 W Las Tunas Dr 25,320 SF Office Building San Gabriel, CA 91776 £7,449,619 (£294.22/SF)
INVESTMENT HIGHLIGHTS
- TOP REGIONAL HEADQUARTERS OPPORTUNITY – SAN GABRIEL, CA
- TOP PERFORMING OFFICE MARKET - SAN GABRIEL VALLEY
- IDEALLY SUITED FOR OWNER/USER
- STRATEGIC REGIONAL HEADQUARTERS LOCATION
EXECUTIVE SUMMARY
TOP REGIONAL HEADQUARTERS OPPORTUNITY – SAN GABRIEL, CA
* Rare opportunity for an owner/user to acquire an architecturally significant regional headquarters building fronting on one of the most highly travelled east/west corridors in the densely populated Western San Gabriel Valley.
* First time in just under 25 years that the building has been made available for sale.
* Currently the only Walker’s Paradise (92 Walkscore) office building for sale within a 5-mile radius that can immediately accommodate a 10K to 20K SF owner/user.
* Originally developed as a regional bank branch in 1955, the highly visible building is characterized by a sleek mid-century modern design, with clean lines and thoughtfully appointed elements of brick, glass, and steel.
IDEALLY SUITED FOR OWNER/USER
* The two-story elevator served building (three floors with basement) offers drive-around surface parking, multiple points of access, abundant natural light, a flexible mix of private offices and open plan, ease of divisibility, separately controlled zones for HVAC for round the clock use, and a Kohler 230KW 120/208V 3 Phase, 4 Wire backup diesel generator for mission critical operations.
* This pride of ownership asset has been constantly maintained and upgraded by the owner with the following notable improvements:
New cool roof in 2011 with 15-year warranty
On-Premise Backup Generator (Kohler 230kW 120/208V 3 Phase, 4 Wire Diesel)
New 2,000 pound three-stop hydraulic elevator (installed in August 2021)
95% of the lighting has been retrofitted to LED
TOP PERFORMING OFFICE MARKET
* The San Gabriel Valley (SGV) is a top performing office market in the Greater Los Angeles (GLA) region with the second lowest direct vacancy rate of 10.3% in 3Q24, well below the GLA regional average of 21.2%.
* Unlike other submarkets in GLA witnessing declining rents, over the past 12 months SGV rents have increased by 1.4%, while still offering some of the most competitive rents in GLA.
STRATEGIC REGIONAL HEADQUARTERS LOCATION
* Excellent regional headquarters location for a company that serves the highly sought after surrounding communities of the Western San Gabriel Valley including Pasadena, South Pasadena, San Marino, Arcadia, Temple City, Alhambra, Rosemead, and Monterey Park.
* Excellent access off Las Tunas Drive which is one of the main east/west corridors that connects the cities of the SGV, including the immediately neighboring communities of Alhambra and Temple City.
* Close proximity to rooftops, premier walkable amenities, and the 10 (San Bernardino) Freeway and 210 (Foothill) Freeway make this an ideal location to for a first-class regional headquarters.
* Rare opportunity for an owner/user to acquire an architecturally significant regional headquarters building fronting on one of the most highly travelled east/west corridors in the densely populated Western San Gabriel Valley.
* First time in just under 25 years that the building has been made available for sale.
* Currently the only Walker’s Paradise (92 Walkscore) office building for sale within a 5-mile radius that can immediately accommodate a 10K to 20K SF owner/user.
* Originally developed as a regional bank branch in 1955, the highly visible building is characterized by a sleek mid-century modern design, with clean lines and thoughtfully appointed elements of brick, glass, and steel.
IDEALLY SUITED FOR OWNER/USER
* The two-story elevator served building (three floors with basement) offers drive-around surface parking, multiple points of access, abundant natural light, a flexible mix of private offices and open plan, ease of divisibility, separately controlled zones for HVAC for round the clock use, and a Kohler 230KW 120/208V 3 Phase, 4 Wire backup diesel generator for mission critical operations.
* This pride of ownership asset has been constantly maintained and upgraded by the owner with the following notable improvements:
New cool roof in 2011 with 15-year warranty
On-Premise Backup Generator (Kohler 230kW 120/208V 3 Phase, 4 Wire Diesel)
New 2,000 pound three-stop hydraulic elevator (installed in August 2021)
95% of the lighting has been retrofitted to LED
TOP PERFORMING OFFICE MARKET
* The San Gabriel Valley (SGV) is a top performing office market in the Greater Los Angeles (GLA) region with the second lowest direct vacancy rate of 10.3% in 3Q24, well below the GLA regional average of 21.2%.
* Unlike other submarkets in GLA witnessing declining rents, over the past 12 months SGV rents have increased by 1.4%, while still offering some of the most competitive rents in GLA.
STRATEGIC REGIONAL HEADQUARTERS LOCATION
* Excellent regional headquarters location for a company that serves the highly sought after surrounding communities of the Western San Gabriel Valley including Pasadena, South Pasadena, San Marino, Arcadia, Temple City, Alhambra, Rosemead, and Monterey Park.
* Excellent access off Las Tunas Drive which is one of the main east/west corridors that connects the cities of the SGV, including the immediately neighboring communities of Alhambra and Temple City.
* Close proximity to rooftops, premier walkable amenities, and the 10 (San Bernardino) Freeway and 210 (Foothill) Freeway make this an ideal location to for a first-class regional headquarters.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Office
Building Size
25,320 SF
Building Class
C
Year Built/Renovated
1955/1995
Price
£7,449,619
Price Per SF
£294.22
Tenancy
Single
Number of Floors
2
Typical Floor Size
12,660 SF
Building FAR
0.80
Lot Size
0.73 AC
Zoning
MDSP C-IM - The Mission District Specific Plan - The Market Place
Parking
41 Spaces (1.62 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Natural Light
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 5362-003-025 | Improvements Assessment | £1,135,256 |
| Land Assessment | £774,241 | Total Assessment | £1,909,496 |
