Los Angeles Corporate Center | 901 Corporate Center Dr
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Los Angeles Corporate Center 901 Corporate Center Dr
99,831 SF 100% Leased 4-Star Office Building Monterey Park, CA 91754 £17,407,349 (£174/SF) 7.68% Net Initial Yield
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
£17,407,349
Price Per SF
£174
Net Initial Yield
7.68%
NOI
£1,336,668
Percent Leased
100%
Tenancy
Multiple
Number of Floors
5
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 Route
- Property Manager on Site
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | £15,408,329 | |
| Land Assessment | £13,496,353 | Total Assessment | £28,904,682 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
£13,496,353
Improvements Assessment
£15,408,329
Total Assessment
£28,904,682
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Los Angeles Corporate Center | 901 Corporate Center Dr
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