20 Centerpointe Dr La Palma, CA 90623
Sponsored
1-Story Office, 56,175 SF, 100% Occupancy
Property size:
56,175 SFDescription
- Added:
- Dec 11, 2024
- Days on Market:
- 391
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
HighLights
- 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.
- Desirable location with convenient freeway access (SR‑91, I‑5, I‑605), proximity to Long Beach Airport and Metrolink.
- Built in 1988, features recently upgraded common areas, surface parking, and an association lounge.
Property Profile
Location Intelligence
Current Use by Public Records
Commercial real estate
Location Insight
- Map
- Local Demand
- City
- La Palma
- County
- Orange
- State
- California
- Longitude
- -118.0326337
- Latitude
- 33.8623342
Nearby Comparable
Nearby Similar for Sale
FAQs
What type of property is this?
Office Property / Space - 1-Story Office, 56,175 SF, 100% Occupancy
Where is this office property / space 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.
