request_info_guest false

Office Building For Sale

$6,753,800

660-670 Monterey Pass Road, Monterey Park, CA 91754

Active
Last Updated: 11/03/2022

3.25

Cap Rate

219,445

NOI

Details:
Cap Rate:    3.25%
NOI:    $219,445
Pro Forma Cap Rate :    5.81%
Building Size:    29,070 sqft
Lot Area:    74,626 sqft
Occupancy:    60.7%
Year Built:    1960
Price Per Sqft:    $241
Price Per SF On Land:    $94
Floors:    2
Parking Spots:    100
Highlights:
  • Medical/Educational professional Office
  • Located in a Prime Business District of City of Monterey Park
  • Ample Parking
  • Just off from freeways 10-W, 710-S, 60-W
  • Great opportunity for Owner-User / Investment
  • Excellent Visibility at the signalized Corner Lot
  • Great Rental Upside Potential
  • Monument Signage
Description:

Compass Commercial has been exclusively retained for the sale of 660-670 Monterey Pass Rd. in the City of Monterey Park. The property is composed of two stand alone buildings on two parcels. This two-story office building is a great opportunity for investment, owner-user.

Two-story office building comprises approximately 29,070 square feet positioned on 74,626 square feet of land. The ground floor is currently leased with 4,326 square feet of vacancy, and the second level is a Potential Owner User office building with 7,116 square feet of vacancy and a huge parking lot. The subject property is perfect for a medical/professional, educational use. Some of the units are updated with laminate wood flooring.

Conveniently located with great proximity to major freeways I-10 W, I-710 S, CA-60 W. It’s located centrally in the heart of industrial, office buildings of the area. The property is surrounded by retailers, businesses, and it is 1.5 mile from the Metro L Line (Gold). Nearby parks include Highlands Park, Sequoia Park and Sunnyslopes Park. The property has excellent visibility sitting at the signalized corner lot along the major east-west thoroughfare of Monterey Pass Road.

Map:
Location
Gallery