La Palma Office/Flex
20 Centerpointe Dr La Palma, CA 90623
20 Centerpointe Dr, La Palma, CA, 90623
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For Sale
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Stabilized office/flex property in a campus setting with cash flow.
Property Size56,175 SF
Price / SF$276.26
Days on Market909
Property Features for 20 Centerpointe Dr
General Information
- Standard status
- Active
- Size
- 56,175 SF
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing Agency
CBRE - Orange County
Listed by
Bryan Johnson · License #02018612
Source
Crexi
Added: Jan 24, 2024 Updated: Jul 6 at 7:51 am Checked: Jul 19 at 8:54 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 - Orange County
Investment Insights
Based on property information with market context.
This stabilized low-rise office/flex property is situated in a mid-counties campus environment. The property offers a high-image, campus-like setting within a dominant business region. The asset features lush landscaping, recent multimillion-dollar common-area upgrades, and an association lounge space. Convenient surface parking and excellent access to freeways are available. The property benefits from a high-traffic location with high-growth potential. The NNN leases provide ease of ownership. With 8,783 square feet of immediately available occupancy, the property presents an opportunity for an owner-user to occupy the vacancy and offset debt service while generating income from day one. The property contains a total of 56,175 square feet.
Key Highlights
- Strong In‑Place Cash Flow with User Potential.
- NNN leases provide ease of ownership and security.
- High‑Image, Campus‑Environment with lush landscaping and recent common‑area upgrades.
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 | $1.68M | $29.88 |
| − Vacancy | −$205.6k | −$3.66 |
| EGI | $1.47M | $26.22 |
| − OpEx | −$368.2k | −$6.55 |
| NOI | $1.10M | $19.66 |
56,175 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$15.78M
$13.81M – $18.41M
NOI $1,104,669 @ 7.0% cap · market cap 7.12%
Second Best
Flex RnD
$14.60M
$12.78M – $17.03M
NOI $1,022,071 @ 7.0% cap · market cap 6.59%
Theoretical Best
Office A
$18.87M
$16.51M – $22.01M
NOI $1,320,764 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
FAQs
What type of property is this?
Office building - Stabilized office/flex property in a campus setting with cash flow.
Where is this office building located?
The property is located at 20 Centerpointe Dr La Palma, CA.
What is the asking price?
The asking price for this property is $15,519,000.
What are key features of this property?
This property features: Strong In‑Place Cash Flow with User Potential.; NNN leases provide ease of ownership and security.; High‑Image, Campus‑Environment with lush landscaping and recent common‑area upgrades.
