Regional Corporate Flex
For Sale
$7,500,000
777 N Georgia Avenue, Azusa, CA 91702
Regional corporate flex building with fenced secure parking, a truck well, and three grade-level doors.
Property Size33,794 SF
Price / SF$221.93
Days on Market39
Property Features for 777 N Georgia Avenue
General Information
Standard status
Active
Size
33,794 SF
Total Parking Spaces
58
Property subtype
Office
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
3
Listing Agency:
NAI Capital
(626) 720-1080
Listed By:
Bob Harrison · License #CalDRE #00522448
(626) 720-1080
Source:
Www2.naicapital
Added: Jul 17
Changed: Aug 15
Last Checked: Aug 14 at 7:11AM
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 NAI Capital
Investment Insights
Based on property information with market context.
Regional corporate headquarters flex building totaling 33,794 square feet, with a corporate office area and flex functionality. The property includes 58 fenced, secure parking spaces, a truck well, and three grade-level doors. Clear height is listed at 24 feet.
The facility is designed for both office and operational use, supporting move-in and delivery needs through its truck well and grade-level loading configuration.
The seller has provided annual net operating income of $431,048, supporting consideration by owner-users and investors evaluating cash flow potential.
The facility is designed for both office and operational use, supporting move-in and delivery needs through its truck well and grade-level loading configuration.
The seller has provided annual net operating income of $431,048, supporting consideration by owner-users and investors evaluating cash flow potential.
Key Highlights
- 33,794 SF regional corporate office/flex building
- 58 fenced, secure parking spaces
- Truck well with 24' clear height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$394,919
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.27%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,898,380
$7.9M
Cap Rate 7%
$5,641,700
$5.6M
Cap Rate 9%
$4,387,989
$4.4M
Market Conditions
NOI Build-Up for 33,794 SF
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.
Gross rent
$600.2K $17.76/SF
− Vacancy
−$36.0K −$1.07/SF
EGI
$564.2K $16.69/SF
− OpEx
−$169.3K −$5.01/SF
NOI
$394.9K $11.69/SF
Area
Los Angeles County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$7,898,380
Cap Rate 7%
$5,641,700
Cap Rate 9%
$4,387,989
Alternative Uses
Best Use
Office B
$10.55M
$9.23M – $12.31M
NOI $738,710 @ 7.0% cap · market cap 9.85%
Second Best
Industrial
$5.64M
$4.94M – $6.58M
NOI $394,919 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$18.09M
$15.83M – $21.11M
NOI $1,266,522 @ 7.0% cap · market cap 16.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
24 ft
Clear height
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 91702, CA
62,328
Population
18,218
Households
3.4
Avg Household Size
34
Median Age
24%
College-Educated
78%
High-School Grad
65.0 sq mi
ZIP Area
959
Density / Sq Mi
$87,577
Median Household Income
$35,714
Median Earnings
$1,847
Median Rent
$604,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Regional corporate flex building with fenced secure parking, a truck well, and three grade-level doors.
Where is this flex space located?
The property is located at 777 N Georgia Avenue Azusa, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 33,794 SF regional corporate office/flex building; 58 fenced, secure parking spaces; Truck well with 24' clear height
