FOR SALE
ADDRESS
22 Centerpointe Dr
La Palma, CA
SIZE
±21,216 SF (Building)
±1.48 AC (Land)
ASKING PRICE
$5,366,000
OCCUPANCY
81.3%
1.6 Years WALT
CAP RATES
6.56% (Year 1)
8.12% (Year 3)
 
PARKING
±80 spaces
Investment Highlights

VALUE-ADD LOW-RISE OFFICE/FLEX OPPORTUNITY IN MID-COUNTIES CAMPUS SETTING
High-Image, Campus-Environment Offering | Unique opportunity to acquire a distinguished asset in one of the most dominant business regions in the world. The low-rise asset is located within a campus setting with lush landscaping, recent multimillion-dollar common-area upgrades, and an association lounge space. It offers convenient surface parking, excellent egress/ingress with direct freeway access, and a high-traffic location with high-growth potential.
 
Ease of Ownership | The NNN leases provide ease of ownership and security from owning in one of the safest real estate markets in the U.S.  New ownership enjoys passive, durable cash flow during the investment period.
 
Value-Add Proposition | The bite-sized nature of the offering provides new ownership with a small flex building with upside potential in leasing out the last remaining vacant unit, while still maintaining strong in-place cash flow.
 
STRONG MARKET FUNDAMENTALS
Core Market | Orange County is among the top investment markets in the Americas in 2023 among investors, reflecting the county's resilient industries, stable economic fundamentals and sustained rent growth.  With strong employment and an attractive quality of life, Orange County is a highly sought-after gateway market.
 
Favorable Suburban Low-Rise Trends | Over the last decade, growth among low-rise products has been robust, out-pacing high-rise products in vacancy compression and rent growth. This trend is expected to continue into the foreseeable future.
 
RENOWNED ENTERTAINMENT LOCATION WITH EXPANDING RESORT AMENITIES
Highly Desirable Location | La Palma is a meeting point between Los Angeles and Orange Counties. This central location has convenient freeway access and offers ease of commute for the area’s businesses and tenants, as well an affordable
alternative to other costly areas of Southern California.

 
Multi-Modal Transportation Access | The surrounding multimodal transit hub offers ease of commute for the region’s workforce, as well as proximity to workforce and executive housing.  Located immediately off SR-91 freeway, the asset has superb access to I-5 and I-605, as well as Long Beach International Airport and several Metrolink stations.
CONTACT US
Capital Markets Advisors
Anthony DeLorenzo
Lic. 01706686
+ 1 949 725 8425

anthony.delorenzo@cbre.com

 
Sammy Cemo
Lic. 01958704
+1 949 656 6737

sammy.cemo@cbre.com

 
Bryan Johnson
Lic. 02018612
+1 949 809 3762

bryan.johnson@cbre.com
Nick Williams
Lic. 02081572
+1 949 725 8446

nick.williams@cbre.com

 
George Thompson | Local Market Expert
Lic. 00947200
+1 949 608 2037

george.thompson@ngkf.com
Shaun Moothart | Debt & Financing
Lic. 01773201
+1 949 509 2111

shaun.moothart@cbre.com
CBRE
CAPITAL MARKETS  |  INVESTMENT PROPERTIES
 
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