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    FOR LEASE
    Office buildings

    18331 Gridley Rd, Cerritos, CA 90703

    21,706 SF 0.82 ac lot Built 1980
    Individually Owned 34-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-6457089
    Property summary
    AI-generated overview

    This exceptional office property, located in Cerritos, CA, offers 9,354 square feet of versatile space across two two-story buildings. Six individual office units are currently available, ranging from 734 to 1,979 square feet, perfect for a variety of businesses. The property boasts a Class B rating, was built in 1981, and features ample parking with 110 spaces on-site. Conveniently located near the intersection of major freeways (5, 605, and 91), this location provides easy access to both Los Angeles and Orange County. Its strategic placement directly adjacent to the expansive Cerritos Mall (Los Cerritos Center), a premier shopping destination with high-end retailers and diverse dining options, offers unparalleled visibility and convenience. The property is zoned CR (Regional Commercial), allowing for a wide range of permitted uses, including but not limited to medical clinics, retail stores, restaurants, and more. The building includes elevators for easy access to both floors. This is an excellent opportunity for businesses seeking a high-profile location with exceptional amenities and accessibility. Potential tenants are encouraged to verify zoning information with the City of Cerritos.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING (MULTI-STORY)
    Year built 1980
    Construction WOOD
    Total area 21,706 SF
    Lot 0.82 ac (35,803 SF)
    Zoning code CECR
    APN 7038-015-009
    UPID US09-6457089
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $5.20M
    Blend (final) Blend
    $3.80M
    Owner & transaction history
    Thomas,kenneth R Tr · 34 yrs held
    Thomas,kenneth R Tr
    since 1991
    1 recorded transaction
    1991
    $879,500
    Zoning & alternative use
    CECR · Cerritos, CA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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