24 Centerpointe Dr La Palma, CA 90623
- Industrial properties
- 22,657 SF
- 1.40 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 24 Centerpointe Dr
- Year built
- 1987
- Lot size
- 1.40 lot acres
- Property size
- 22,657 SF
- Property type
- Industrial properties
- APN
- 276-081-54
- APU
- 27608154
Description
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.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Palma
- County
- Orange
- State
- California
- Longitude
- -118.033
- Latitude
- 33.8612
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
