19112 Gridley RdCerritos, CA 90703

Property Details for 19112 Gridley Rd

Year built

2013

Construction

TILT-UP CONCRETE

Lot size

0.97 AC

Property size (Sq ft)

14,442 SF

Zone code

CECR

Property type

Office buildings

APN

7039-021-037

APU

7039021037

Description

This exceptional investment opportunity presents a 14,720 square foot modern office building situated on a nearly one-acre lot in Cerritos, CA's vibrant commercial district. Completed in 2014, the property enjoys a highly desirable location, within walking distance of the Los Cerritos Shopping Center, Starbucks, Target, and numerous other popular retail establishments. Its convenient plaza location also offers immediate proximity to 85В°C Bakery CafГ©, Gen Korean BBQ, Jollibee, and a variety of other restaurants and shops, ensuring high foot traffic and visibility. The building features ample parking and provides 24-hour access for maximum tenant and client convenience. Low management and maintenance costs have contributed to consistently high occupancy rates since its completion, resulting in a strong return on investment exceeding 7.5%. Approximately 3,500 square feet on the ground floor is currently utilized by the seller, offering immediate use for a new buyer or the possibility of a lease-back arrangement post-closing. This presents a rare chance to acquire a thriving commercial property with significant potential for growth and income generation in a prime Cerritos location. The property's strong performance history and strategic location make it an attractive investment for discerning buyers seeking a stable and profitable asset.

• CAP approach

  CAP return

  Valuation

  6%

  $3,558,490

  6.5%

  $3,284,760

  7%

  $3,050,134

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,606,709

  Geo Method

  $4,606,709

• Alternative Use

  Use

  Valuation

  Residential

  $4,073,102

  Hospitality

  $3,730,940

  Educational

  $3,104,098

  Medical

  $3,210,852

  Retail

  $4,828,596

Location Insight

City

Cerritos

County

Los Angeles

State

California

Latitude

33.857

Longitude

-118.09

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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