24 Centerpointe Dr La Palma, CA 90623-1028

This exceptional 22,682 square foot manufacturing facility, located at 24 Centerpointe Drive in La Palma, California (Orange County, zip code 90623), presents a compelling investment opportunity. The property boasts a single-tenant, triple-net (NNN) lease with a remaining term of approximately 4.4 years, extending to March 30, 2029. Built in 1988, this one-story building sits on a 1.46-acre lot and offers 73 parking spaces. The asking price is $6,242,000, representing a price per square foot of $275.20 and a 5.25% cap rate. The property features a low-rise office building within a unique campus setting, complete with lush landscaping and recent multi-million-dollar common-area upgrades. Excellent ingress and egress are provided by direct freeway access, and abundant on-campus and surrounding amenities are readily available. The long-term lease ensures ease of ownership and durable passive income, while the current rent, 34% below market, offers significant upside potential. The property's assessed value is significantly below estimated replacement cost. The APN is 276-081-54.