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 Market161
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 8
Changed: Oct 9
Last Checked: Oct 14 at 10:20PM
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 / Yr
$117,078
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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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
