Description
Asking Price of $11,195,000 ($237/sf). 97.2% occupancy and 6.00% cap rate. Three-story, 47,300-sf office building with parking for medical and office. High occupancy with below market rents and significant upside. Priced well below replacement cost; proforma cap rate of 8.36%. Prestigious two-story glass lobby with elevator and digital directory. State-of-the-art IT infrastructure including fiber optics. Centered between Los Angeles and Orange Counties and the Inland Empire.
Location
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Listing Agent: Geoffrey Dewolf
Listing Office: Economos Dewolf, Inc.
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