Renovated Office Building For
1161 Park View Dr Covina, CA 91724
1161 Park View Dr, Covina, CA, 91724
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For Sale
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Newly renovated office building with freeway access and ample parking.
Property Size14,112 SF
Price / SF$354.31
Days on Market1212
Property Features for 1161 Park View Dr
General Information
- Standard status
- Active
- Size
- 14,112 SF
- Property subtype
- Office
Building Details
- Year Built
- 1983
Listing Agency
CBRE - Ontario
(909) 418-2006
Listed by
Steven Saunders · License #CA 01932948
Source
Crexi
Added: Mar 27, 2023 Updated: Jul 6 at 7:47 am Checked: Jul 20 at 4:10 am
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 CBRE - Ontario
Investment Insights
Based on property information with market context.
This is a 2-story, 14,112 square foot newly renovated office building located in the Village Oaks Office Park, directly off the Interstate 10 Freeway. The first floor suites are contiguous to approximately 5,009 square feet and are fully leased to Paragon Security and Zak Dental. The second floor suite is contiguous to approximately 7,333 square feet. Ample surface parking is available at a ratio of 4 spaces per 1,000 square feet. The location offers excellent freeway access, visibility, and easy access to local retail and restaurants.
Key Highlights
- Newly renovated 14,112 SF office building.
- Excellent freeway access and visibility off Interstate 10.
- Ample surface parking (4/1000).
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $541.9k | $38.40 |
| − Vacancy | −$130.6k | −$9.25 |
| EGI | $411.3k | $29.15 |
| − OpEx | −$102.8k | −$7.29 |
| NOI | $308.5k | $21.86 |
14,112 SF · lease $38.40/SF/yr · vacancy 24.10% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.41M
$3.86M – $5.14M
NOI $308,477 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.56M
$6.61M – $8.81M
NOI $528,886 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Michael Paz Mortgage
Loan Service
sampe seattle 2014
Conference Center
Butler Enterprises
Tax Preparation
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FAQs
What type of property is this?
Office building - Newly renovated office building with freeway access and ample parking.
Where is this office building located?
The property is located at 1161 Park View Dr Covina, CA.
What is the asking price?
The asking price for this property is $4,999,999.
What are key features of this property?
This property features: Newly renovated 14,112 SF office building.; Excellent freeway access and visibility off Interstate 10.; Ample surface parking (4/1000).
