This Office Property is Off-Market.

9900 Lakewood Blvd.
Downey, CA 90240 ·

16,092 SF · Office For Sale

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REO Office Building in Downey!!!

Price N/A Cap Rate 7.50%
Building Size 16,092 SF Occupancy 60%
Property Type Office No. Stories 2
Property Sub-type Office Building Tenancy Multiple
Property Use Type Investment Year Built 1964
Distressed Yes Lot Size 30,056 SF
Commission Split 3%
Listing ID: 16175164 Date Created: 03/31/2009 Last Updated: 08/31/2009

Description

The subject property is a bank-owned two-story professional office building located in freeway close Downey. The office building is on one of Downey' s busiest main streets. Built in 1964 on a 30,052 sq. ft. lot, the building has 16,092 sq. ft. of gross area and 14,590 sq. ft. of rentable space. It currently has 29 office suites. This investment offers an investor safety with upside potential in renting small vacant space or perfect for an Owner/User. The property also has ample parking.

Downey's strategic location offers effortless access to either Downtown Los Angeles or all parts of Orange County. Surrounded by major freeways, the Santa Ana (I-5), Long Beach (I-710) and San Gabriel Freeway (I-605), and is adjacent to the Riverside Freeway(SR-91) and the Century Freeway (I-105). From Downey, these routes provide access to all of metropolitan Los Angeles, Orange County, as well as other major markets in California. A small town, yet conveniently located in the heart of a great metropolitan area. It is a city with a strong business community and a commitment to helping local businesses grow with stable middle-class neighborhoods that have stood the test of time. With ready access to markets and jobs throughout Southern California. And it is a city where local government, local residents, and local institutions work together to create a vibrant and successful community life.

Research

9900 Lakewood Blvd., Downey, CA 90240 (Los Angeles County)

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