24 Centerpointe Dr La Palma, CA 90623
Single-tenant, NNN lease, strong ROI.
Property size:
22,682 SFProperty Features for 24 Centerpointe Dr
General Information
- Property type
- Manufacturing properties
- Square Feet
- 22,682 SF
- Lot Size
- 63,598 SF
Building Details
- Year Built
- 1988
- Stories
- 1
Listing Agency: CBRE Orange County Listing Agent: Anthony Delorenzo
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 22,682 square foot manufacturing facility, located at 24 Centerpointe Drive in La Palma, California (Orange County, zip code 90623), presents a compelling investment opportunity. The property boasts a single-tenant, triple-net (NNN) lease with a remaining term of approximately 4.4 years, extending to March 30, 2029. Built in 1988, this one-story building sits on a 1.46-acre lot and offers 73 parking spaces. The asking price is $6,242,000, representing a price per square foot of $275.20 and a 5.25% cap rate. The property features a low-rise office building within a unique campus setting, complete with lush landscaping and recent multi-million-dollar common-area upgrades. Excellent ingress and egress are provided by direct freeway access, and abundant on-campus and surrounding amenities are readily available. The long-term lease ensures ease of ownership and durable passive income, while the current rent, 34% below market, offers significant upside potential. The property's assessed value is significantly below estimated replacement cost. The APN is 276-081-54.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Manufacturing properties
Location Insight
- Map
- Local Demand
- City
- La Palma
- County
- Orange
- State
- California
- Longitude
- -118.0327889
- Latitude
- 33.8611542
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FAQs
What type of property is this?
Manufacturing property - Single-tenant, NNN lease, strong ROI.
Where is this manufacturing property located?
The property is located at 24 Centerpointe Dr La Palma, CA.
What is the asking price?
The asking price for this property is $6,242,000.
What are key features of this property?
This property features: Long-term, single-tenant net lease investment opportunity.; Low-rise office building in a landscaped campus setting with recent common area upgrades and convenient freeway access.; NNN lease provides stable, passive income with significant upside potential due to below-market rents (currently 34% below market).
