Two Cerritos Office Buildings For
18331- Delaware Water Gap, PA 90807
For Sale
$11,250,000
Two-story office buildings near Cerritos Mall with redevelopment potential.
Property Size27,520 SF
Price / SF$408.79
Days on Market235
Property Features for 18331-
General Information
- Standard status
- Active
- Size
- 27,520 SF
- Property subtype
- Office
Building Details
- Year Built
- 1981
Listing Agency:
Coldwell Banker Commercial BLAIR
(562) 400-5949
Listed By:
Sheva Hosseinzadeh · License #01922147
(562) 400-5949
Source:
Cbcworldwide
Added: Dec 3, 2025
Changed: Jul 10
Last Checked: Apr 9 at 9:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial BLAIR
Investment Insights
Based on property information with market context.
Two two-story office buildings located at 18327 and 18331 Gridley Rd in Cerritos, CA, are available for sale for the first time since 1998. The properties include 14 units totaling approximately 27,520 square feet of improvements (inclusive of the exterior walkways), situated on approximately 75,102 square feet of land. The large on-site parking lot provides ample parking for businesses. All tenants are on month-to-month or short-term leases, making the property attractive for an owner/user, an investor looking for upside potential, or a developer interested in developing close to an acre and a half of land. The properties are located between Los Angeles and Orange County, directly adjacent to the Los Cerritos Center, commonly known as the Cerritos Mall. This 100-acre shopping mall includes high-end stores and dining establishments. The property also benefits from its proximity to the Cerritos Auto Square.
Key Highlights
- Prime location adjacent to the Los Cerritos Center (Cerritos Mall) with high‑end retail and dining.
- Significant upside potential due to month‑to‑month or short‑term tenant leases.
- Large 75,102 SF lot size offering potential for redevelopment.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $660.5k | $24.00 |
| − Vacancy | −$83.9k | −$3.05 |
| EGI | $576.6k | $20.95 |
| − OpEx | −$144.1k | −$5.24 |
| NOI | $432.4k | $15.71 |
27,520 SF · lease $24.00/SF/yr · vacancy 12.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.18M
$5.41M – $7.21M
NOI $432,449 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.24M
$7.21M – $9.61M
NOI $576,599 @ 7.0% cap · market cap 5.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
FAQs
What type of property is this?
Office building - Two-story office buildings near Cerritos Mall with redevelopment potential.
Where is this office building located?
The property is located at 18331- Delaware Water Gap, PA.
What is the asking price?
The asking price for this property is $11,250,000.
What are key features of this property?
This property features: Prime location adjacent to the Los Cerritos Center (Cerritos Mall) with high‑end retail and dining.; Significant upside potential due to month‑to‑month or short‑term tenant leases.; Large 75,102 SF lot size offering potential for redevelopment.
