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    26 Centerpointe Dr La Palma, CA 90623

    Sponsored
    For Sale
    $7,108,000

    100% Occupied, High-Cash Flow Office

    Property size:
    22,271 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This single-story, 22,271 square foot office building in La Palma, CA, presents a compelling investment opportunity. Located on a 1.51-acre lot at 26 Centerpointe Dr, this Class B property boasts 100% occupancy across four tenants, generating a strong cash flow with a 6.75% cap rate and a price per square foot of $319.16. Built in 1985, the property benefits from a desirable location with convenient freeway access (SR-91, I-5, I-605) and proximity to public transportation, including Metrolink stations and Long Beach International Airport. The property features a high-image campus environment with lush landscaping and recently upgraded common areas, including an association lounge. The Net Operating Income (NOI) is substantial, offering immediate cash flow with potential for future rent increases, given current in-place rents are approximately 5% below market levels. The weighted average lease term (WALT) is approximately 4.8 years, providing long-term lease stability. This stabilized investment is situated in a thriving Orange County market, known for its strong economic fundamentals and sustained rent growth, making it an attractive acquisition for investors seeking a secure and profitable asset. The asking price is $7,108,000.

    Property Features for 26 Centerpointe Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    22,271 SF
    Class
    B
    Lot Size
    65,776 SF

    Building Details

    Year Built
    1985
    Buildings
    1
    Stories
    1

    HighLights

    • $7,108,000 asking price for a stabilized, Class B, 22,271 square foot office building in La Palma, CA.
    • 100% occupancy with four tenants, generating a 6.75% cap rate and $319.16 per square foot.
    • Single‑story building on a 1.51‑acre lot, built in 1985, located in a desirable Orange County location with convenient freeway access.
    • Strong market fundamentals with favorable low‑rise trends, offering ease of ownership with NNN leases and significant income growth potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Palma
    County
    Orange
    State
    California
    Longitude
    -118.0327431
    Latitude
    33.8607237

    Nearby Comparable

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    Nearby Similar for Sale

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      La Palma Industrial/Office Property

      78,980 SF industrial/office building with 2-story office space.
      14 Centerpointe Dr, La Palma, CA 90623
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      La Palma Office Building: $17.2M

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    • $6,242,000
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      Centerpointe Drive Manufacturing Facility

      Single-tenant, NNN lease, strong ROI.
      24 Centerpointe Dr, La Palma, CA 90623
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      La Palma Office Building: Owner-User Opportunity

      Prime Orange County Office, Vacant, 54,129 SF
      18 Centerpointe Dr, La Palma, CA 90623
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    FAQs

    What type of property is this?
    Office Property / Space - 100% Occupied, High-Cash Flow Office
    Where is this office property / space located?
    The property is located at 26 Centerpointe Dr La Palma, CA.
    What is the asking price?
    The asking price for this property is $7,108,000.
    What are key features of this property?
    This property features: $7,108,000 asking price for a stabilized, Class B, 22,271 square foot office building in La Palma, CA.; 100% occupancy with four tenants, generating a 6.75% cap rate and $319.16 per square foot.; Single-story building on a 1.51-acre lot, built in 1985, located in a desirable Orange County location with convenient freeway access.
    Request Owner's contact information
    26 Centerpointe Dr La Palma, CA 90623
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    La Palma, CA 90623
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    26 Centerpointe Dr La Palma, CA 90623
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