Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20 Centerpointe Dr La Palma, CA 90623

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1-Story Office, 56,175 SF, 100% Occupancy

    Property size:
    56,175 SF

    Property Features for 20 Centerpointe Dr

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    56,175 SF
    Class
    B
    Lot Size
    155,509 SF

    Building Details

    Year Built
    1988
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Anthony Delorenzo
    Anthony Delorenzo

    Listing Agency: CBRE Orange County Listing Agent: Anthony Delorenzo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity presents a 56,175-square-foot, single-story, Class B office building located at 20 Centerpointe Drive in La Palma, California. The property, built in 1988, sits on a 3.57-acre lot and boasts a 100% occupancy rate with four tenants under multi-tenant leases. The asking price is $17,199,000, representing a compelling $306.17 per square foot and a 7.00% cap rate. This stabilized investment offers significant long-term stability, with only one tenant lease expiring before 2029, ensuring consistent cash flow with annual rent increases. The property benefits from a desirable location in a mid-counties campus setting, featuring lush landscaping, recently upgraded common areas, and an association lounge. Convenient surface parking, excellent freeway access via SR-91, and proximity to I-5 and I-605 freeways, Long Beach International Airport, and Metrolink stations enhance its appeal. The low-rise design aligns with favorable market trends showing robust growth and vacancy compression, exceeding that of high-rise properties. The La Palma/Buena Park submarket exhibits a low 6.9% vacancy rate (YTD4Q23), further underscoring the investment's strength. This asset provides a secure and attractive income stream in a prime Southern California location, offering an affordable alternative to other high-cost areas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    La Palma
    County
    Orange
    State
    California
    Longitude
    -118.0326337
    Latitude
    33.8623342

    Nearby Similar for Sale

    • Contact for pricing

      Retail/Office Space in La Palma

      Retail or office space available in Centerpointe Campus.
      10 Centerpointe Dr, La Palma, CA 90623
      View Details
    • $35,000

      Established Barber Shop For Sale

      Barber shop with 18 years of consistent ownership.
      4943 La Palma Ave, La Palma, CA 90623
      View Details
    • Contact for pricing
      78,980 SF

      La Palma Industrial/Office Property

      78,980 SF industrial/office building with 2-story office space.
      14 Centerpointe Dr, La Palma, CA 90623
      View Details
    • $6,242,000
      22,682 SF

      Centerpointe Drive Manufacturing Facility

      Single-tenant, NNN lease, strong ROI.
      24 Centerpointe Dr, La Palma, CA 90623
      View Details
    • $14,345,000
      54,129 SF

      La Palma Office Building: Owner-User Opportunity

      Prime Orange County Office, Vacant, 54,129 SF
      18 Centerpointe Dr, La Palma, CA 90623
      View Details
    • $7,108,000
      22,271 SF

      La Palma Office Building Investment

      100% Occupied, High-Cash Flow Office
      26 Centerpointe Dr, La Palma, CA 90623
      View Details

    FAQs

    What type of property is this?
    Office property - 1-Story Office, 56,175 SF, 100% Occupancy
    Where is this office property located?
    The property is located at 20 Centerpointe Dr La Palma, CA.
    What is the asking price?
    The asking price for this property is $17,199,000.
    What are key features of this property?
    This property features: 56,175 SF, single-story Class B office building on a 3.57-acre lot in La Palma, CA.; 100% occupancy with four tenants under multi-tenant leases; asking price: $17,199,000 ($306.17/SF, 7.00% cap rate).; Strong market fundamentals: low vacancy rate (6.9% YTD4Q23) and favorable low-rise market trends.
    Request Owner's contact information
    20 Centerpointe Dr La Palma, CA 90623
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    20 Centerpointe Dr
    La Palma, CA 90623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    20 Centerpointe Dr La Palma, CA 90623
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Anthony Delorenzo
    Anthony Delorenzo
    Real Estate License ID: 01706686
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!