Renovated NNN
For Sale
Contact for pricing
7247 Painter Ave, Whittier, CA 90602
Commercial asset backed by a new 10-year absolute NNN lease and two additional five-year extension options.
Property Size5,356 SF
Price / SF$392.31
Days on Market119
Property Features for 7247 Painter Ave
General Information
Standard status
Active
Size
5,356 SF
Class
A
Property subtype
Retail, Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$136,578
Building Details
Year Built
1986
Year Renovated
2022
Tenancy
Single
Listing Agency:
Kidder Mathews Los Angeles West
Listed By:
Daniel Solomon · License #CA 02105991
Source:
Crexi
Added: May 4
Changed: Aug 29
Last Checked: Aug 29 at 11:34PM
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 Kidder Mathews Los Angeles West
Investment Insights
Based on property information with market context.
This 5356 SF commercial property at 7247 Painter Ave in Whittier, California, was constructed in 1986 and received an interior remodel in 2022. The property is offered with a newly executed 10-year absolute NNN lease, placing responsibility for taxes, insurance, maintenance, the roof, structure, and parking lot with the tenant.
Lease provisions include annual increases equal to the lesser of CPI or 2%, a personal guaranty, and two (2) additional 5-year options. If both options are exercised, the occupancy term could extend to 20 years. The sale-leaseback structure establishes a long-term tenancy at the existing operating location.
Lease provisions include annual increases equal to the lesser of CPI or 2%, a personal guaranty, and two (2) additional 5-year options. If both options are exercised, the occupancy term could extend to 20 years. The sale-leaseback structure establishes a long-term tenancy at the existing operating location.
Key Highlights
- 5356 SF commercial property at 7247 Painter Ave, Whittier, CA 90602
- New 10‑year absolute NNN lease
- Tenant responsible for taxes, insurance, maintenance, roof, structure, and parking lot
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
$117,078
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
5.57%
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%
$2,341,560
$2.3M
Cap Rate 7%
$1,672,543
$1.7M
Cap Rate 9%
$1,300,867
$1.3M
Market Conditions
NOI Build-Up for 5,356 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
$205.7K $38.40/SF
− Vacancy
−$49.6K −$9.25/SF
EGI
$156.1K $29.15/SF
− OpEx
−$39.0K −$7.29/SF
NOI
$117.1K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$2,341,560
Cap Rate 7%
$1,672,543
Cap Rate 9%
$1,300,867
Alternative Uses
Best Use
Office B
$1.67M
$1.46M – $1.95M
NOI $117,078 @ 7.0% cap · market cap 5.57%
Second Best
Healthcare Medical
$1.45M
$1.27M – $1.69M
NOI $101,571 @ 7.0% cap · market cap 4.83%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,731 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,496
Businesses Nearby
Explore this area
Business Placement
Demographics for 90602, CA
25,521
Population
8,514
Households
3
Avg Household Size
36
Median Age
22%
College-Educated
85%
High-School Grad
3.8 sq mi
ZIP Area
6,716
Density / Sq Mi
$67,259
Median Household Income
$37,237
Median Earnings
$1,719
Median Rent
$729,300
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?
NNN property - Commercial asset backed by a new 10-year absolute NNN lease and two additional five-year extension options.
Where is this nnn property located?
The property is located at 7247 Painter Ave Whittier, CA.
What is the asking price?
The asking price for this property is $2,101,200.
What are key features of this property?
This property features: 5356 SF commercial property at 7247 Painter Ave, Whittier, CA 90602; New 10‑year absolute NNN lease; Tenant responsible for taxes, insurance, maintenance, roof, structure, and parking lot
