26 Centerpointe Dr La Palma, CA 90623
- Industrial properties
- 21,643 SF
- 1.45 lot acres
Current Use by Public Records
- Industrial properties
Property Details for 26 Centerpointe Dr
- Year built
- 1985
- Lot size
- 1.45 lot acres
- Property size
- 21,643 SF
- Property type
- Industrial properties
- APN
- 276-081-40
- APU
- 27608140
Description
This single-story, 22,271 square foot office building in La Palma, CA, presents a compelling investment opportunity. Located on a 1.51-acre lot at 26 Centerpointe Dr, this Class B property boasts 100% occupancy across four tenants, generating a strong cash flow with a 6.75% cap rate and a price per square foot of $319.16. Built in 1985, the property benefits from a desirable location with convenient freeway access (SR-91, I-5, I-605) and proximity to public transportation, including Metrolink stations and Long Beach International Airport. The property features a high-image campus environment with lush landscaping and recently upgraded common areas, including an association lounge. The Net Operating Income (NOI) is substantial, offering immediate cash flow with potential for future rent increases, given current in-place rents are approximately 5% below market levels. The weighted average lease term (WALT) is approximately 4.8 years, providing long-term lease stability. This stabilized investment is situated in a thriving Orange County market, known for its strong economic fundamentals and sustained rent growth, making it an attractive acquisition for investors seeking a secure and profitable asset. The asking price is $7,108,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- La Palma
- County
- Orange
- State
- California
- Longitude
- -118.033
- Latitude
- 33.8608
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
