For Sale Los Angeles County Sale Leaseback Office Buildings 7.0% Cap Rate!

1711 Mountain Avenue, Monrovia, CA

$7,200,000

Price

7%

Cap Rate

$504,000

NOI

Overview
Cap Rate
7%
NOI
$504,000
Cash-on-Cash
7%
Building Size
24,510 sqft
Lot Area
82,328 sqft
Occupancy
100%
Lease Type
Triple Net
Year Built
1985
Price Per Sqft
$293.76
Floors
2
Parking Spots
154
Year Last Renovated
1992
Gross Leaseable Area
24510
Parking Ratio
6.31
Roof
Flat
Description

The property is being offered for sale as a sale leaseback by the Seller for 12-18 months. The property is located immediately south of both the Mountain Avenue exit of the 210 Freeway and the Metro Gold Line.

The complex features two connected, but separate two-story buildings. The two buildings were constructed in 1985 and remodeled in 1992. As the pride of ownership of the Seller, they have been well maintained ever since and features an in-house, independently climate-controlled server room with and separate electric meter. Both buildings are equipped with well-maintained HVAC units and fire sprinklers throughout.

The approximately 24,510 square foot two story main building benefits from an impressive formal open-air lobby with staircase, men’s and woman’s restrooms on both floors, multiple conference rooms & private office suites, and an extremely large CEO suite with private conference room and restroom. The secondary building boasts a full employee break/multipurpose room and kitchen with two private enclosed patios for employee breaks. The 154 parking spaces in the front and rear of the two buildings provide a generous 6.3:1,000 parking ratio.

This offering also provides flexibility in both reuse and redevelopment. By-right uses are Research & Development, Office, Medical Office, and Light Industrial. The property’s 1.87 acres of land also allow for the property to be redeveloped as a Master Planned development under the city’s PD-13 zoning.

Highlights
  • Seller Short-term Sale Leaseback
  • Future Owner User or Value-Add Renovation
  • 6.3/1,000 Parking Ratio
  • CEO Office Suite with Private Bath and Shower
  • Secure Server Room
  • Two (2) Electric Meters Each Phase 3, 600 Amps, 240 Volts
  • Adjacent to Metro Gold Line
  • Zoning: O/RD/LM
  • Office / Research & Development / Light Manufacturing

Location
Gallery