For Sale
$12,350,000

14241 Firestone Blvd La Mirada, CA 90638

Prime La Mirada office, owner-user opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional four-story Class A office building, located at 14241 Firestone Blvd in La Mirada, California, presents a unique owner-user opportunity. Boasting 53,953 square feet of space, this property offers unparalleled visibility and signage on the 5 Freeway. The building features two elevators and high-end finishes, reflecting its "A" classification. Currently, approximately 47% of the building is leased, generating approximately $55,230 in monthly income ($662,760 annually). A buyer could immediately occupy approximately 53% of the building (28,503 square feet) upon closing, with the potential to expand as existing leases expire. The property sits on a 2.2-acre lot and includes convenient surface parking for 181 vehicles, a feature the owner will complete before escrow closes. The asking price is $12,350,000, or $229 per square foot, representing a significant value compared to comparable sales. A replacement cost estimate of $485 per square foot further underscores this value proposition. The building's location offers easy access to restaurants and amenities, as detailed in the provided materials. An owner-user occupying approximately 53% of the building may qualify for an SBA loan with only a 10% down payment, allowing for a 25-year, fully amortized 90% loan to lock in occupancy costs. Detailed financial information and rent roll are available to qualified buyers. This is a rare opportunity to acquire a high-quality, well-located office building in a thriving market.

Highlights

  • Owner-user opportunity: Occupy ~53% (28,503 SF) immediately, with potential for expansion. SBA loan qualification possible with 10% down payment.
  • Secure occupancy costs with a 25-year, 90% SBA loan.
  • Current income from ~47% occupancy: ~$55,230/month ($662,760 annually). Rent roll available.
  • 181 surface parking spaces; completion before closing.
  • Excellent 5 Freeway visibility and signage; nearby amenities.
  • Attractive pricing: $12,350,000 ($229/SF), significantly below replacement cost of $485/SF.

Property Details for 14241 Firestone Blvd

Property type
Office properties
Square Feet
53,953 SF
Class
A
Year Built
1982
Stories
4
Lot Size (sq. ft)
95,832 SF

Location Insight

City
La Mirada
County
Los Angeles
State
California
Latitude
33.884934
Longitude
-118.028352

FAQs

What type of property is this?
Office property - Prime La Mirada office, owner-user opportunity.
Where is the office property located?
The property is located at 14241 Firestone Blvd La Mirada, CA.
What is the asking price?
The asking price for this property is $12,350,000.
What are key features of this property?
This property features: Owner-user opportunity: Occupy ~53% (28,503 SF) immediately, with potential for expansion. SBA loan qualification possible with 10% down payment.; Secure occupancy costs with a 25-year, 90% SBA loan.; Current income from ~47% occupancy: ~$55,230/month ($662,760 annually). Rent roll available.
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14241 Firestone Blvd
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