For Sale
$21,888,000

901 Corporate Center Dr Monterey Park, CA 91754

Class A Office Building, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional Class A office building, totaling 99,831 square feet, presents a compelling investment opportunity. Located in Monterey Park, CA, at 901 Corporate Center Dr (91754), this five-story building boasts a 7.60% cap rate and a strong NOI of $1,680,726, with 96.21% occupancy. Built in 1986, the property sits on a 10.73-acre lot and features ample parking (4.1 spaces per 1,000 sq ft), including surface parking and a three-level structure with solar panels. The building offers three elevators and is zoned MPC2*. Its prime location within the Los Angeles Corporate Center, a prestigious 1.1 million square foot master-planned office park, provides unparalleled accessibility to major freeways (I-710, I-10, SR-60, and I-5) within a 2.5-mile radius. The asking price is $21,888,000, translating to $219.25 per square foot. This institutional-quality property offers a stable cash flow and energy efficiency due to the solar panels on the adjacent parking structure. The property consists of one building and is categorized as both Executive and Traditional Office space.

Highlights

  • Class-A, 5-story office building with 710 Freeway visibility.
  • Prestigious location within a 1.1M SF master-planned office park, 6 miles from Downtown Los Angeles.
  • Ample parking with a 4.1/1,000 SF ratio, combining surface and three-level structured parking.
  • High-quality tenants ensure stable cash flow in a highly efficient building.
  • Solar panels on the parking structure reduce electricity costs.

Property Details for 901 Corporate Center Dr

Property type
Office properties
Square Feet
99,831 SF
Class
A
Year Built
1986
Buildings
1
Stories
5
Lot Size (sq. ft)
467,399 SF

Location Insight

City
Monterey Park
County
Los Angeles
State
California
Latitude
34.052437
Longitude
-118.1628266

FAQs

What type of property is this?
Office property - Class A Office Building, High NOI
Where is the office property located?
The property is located at 901 Corporate Center Dr Monterey Park, CA.
What is the asking price?
The asking price for this property is $21,888,000.
What are key features of this property?
This property features: Class-A, 5-story office building with 710 Freeway visibility.; Prestigious location within a 1.1M SF master-planned office park, 6 miles from Downtown Los Angeles.; Ample parking with a 4.1/1,000 SF ratio, combining surface and three-level structured parking.
How can I contact the broker?
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901 Corporate Center Dr
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