22 Centerpointe DrLa Palma, CA 90623

Property Details for 22 Centerpointe Dr

Year built

1987

Lot size

1.42 AC

Property size (Sq ft)

21,176 SF

Property type

Industrial properties

APN

276-081-53

APU

27608153

Description

This single-story, 21,216 square foot office building in La Palma, CA presents a compelling value-add investment opportunity. Located in Orange County's desirable Mid-Counties campus setting, the Class B property boasts a 6.56% cap rate and 81.3% occupancy across four tenants. Built in 1988, the building sits on a 1.48-acre lot and features convenient surface parking, excellent freeway access via SR-91, and proximity to I-5 and I-605 freeways, as well as Long Beach International Airport and Metrolink stations. The property benefits from a high-image campus environment with recent multimillion-dollar common-area upgrades and an association lounge. The current NNN leases provide ease of ownership and stable cash flow, with potential for increased revenue through leasing the remaining vacant space. This offering is situated in a strong market with favorable suburban low-rise trends, offering a blend of immediate income and future upside potential. The asking price is $5,366,000, translating to $252.92 per square foot. The location provides convenient access to both Los Angeles and Orange Counties, making it an attractive option for businesses and employees. The property's central location and multi-modal transportation access contribute to its strong appeal within a highly sought-after Southern California market.

• Alternative Use

  Use

  Valuation

  Residential

  $6,905,213

  Hospitality

  $6,325,138

  Educational

  $5,262,440

  Medical

  $5,443,424

  Retail

  $8,186,018

Location Insight

City

La Palma

County

Orange

State

California

Latitude

33.8616

Longitude

-118.033

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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