26 Centerpointe DrLa Palma, CA 90623

Property Details for 26 Centerpointe Dr

Year built

1985

Lot size

1.45 AC

Property size (Sq ft)

21,643 SF

Property type

Industrial properties

Property subtype

Other industrial properties

APN

276-081-40

APU

27608140

Description

This single-story, 22,271 square foot office building in La Palma, CA, presents a compelling investment opportunity. Located on a 1.51-acre lot at 26 Centerpointe Dr, this Class B property boasts 100% occupancy across four tenants, generating a strong cash flow with a 6.75% cap rate and a price per square foot of $319.16. Built in 1985, the property benefits from a desirable location with convenient freeway access (SR-91, I-5, I-605) and proximity to public transportation, including Metrolink stations and Long Beach International Airport. The property features a high-image campus environment with lush landscaping and recently upgraded common areas, including an association lounge. The Net Operating Income (NOI) is substantial, offering immediate cash flow with potential for future rent increases, given current in-place rents are approximately 5% below market levels. The weighted average lease term (WALT) is approximately 4.8 years, providing long-term lease stability. This stabilized investment is situated in a thriving Orange County market, known for its strong economic fundamentals and sustained rent growth, making it an attractive acquisition for investors seeking a secure and profitable asset. The asking price is $7,108,000.

• Alternative Use

  Use

  Valuation

  Residential

  $7,064,347

  Hospitality

  $6,470,904

  Educational

  $5,383,716

  Medical

  $5,568,870

  Retail

  $8,374,670

Location Insight

City

La Palma

County

Orange

State

California

Latitude

33.8608

Longitude

-118.033

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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