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Los Alpress Medical Building 10601 Walker St 25,000 SF 100% Leased Office Building Cypress, CA 90630 $11,000,000 ($440/SF) 6.28% Cap Rate
INVESTMENT HIGHLIGHTS
- Newer construction.
- Owner User or Investment.
EXECUTIVE SUMMARY
The Los Alpress Medical Building, located at 10601 Walker Street in Cypress, California, presents a rare opportunity to acquire a high-quality medical office property in the heart of the Los Alamitos medical corridor. This well-maintained building is currently 100% leased to national credit tenants including Optum, LabCorp, and IWG (HQ). However, up to 75% of the building can be made available for owner-user occupancy by January 1, 2026, offering a compelling opportunity for medical
groups or healthcare operators seeking to control their space while benefiting from in-place income.
Extensive capital improvements have been completed since 2022, including new HVAC systems, LED lighting, parking lot resurfacing, and upgraded common areas. The building has a strong track record of tenant retention and high occupancy, supported by the area's robust medical demand and high-income demographics.
Located adjacent to Los Alamitos Medical Center and surrounded by a dense network of healthcare providers, this property is ideally positioned for long-term viability. Additionally, future upside exists through sustainability upgrades such as planned solar panels and EV charging stations.
This is a unique owner/user investment opportunity that combines immediate operational potential with long-term value in one of Orange County’s most sought-after medical office submarkets.
groups or healthcare operators seeking to control their space while benefiting from in-place income.
Extensive capital improvements have been completed since 2022, including new HVAC systems, LED lighting, parking lot resurfacing, and upgraded common areas. The building has a strong track record of tenant retention and high occupancy, supported by the area's robust medical demand and high-income demographics.
Located adjacent to Los Alamitos Medical Center and surrounded by a dense network of healthcare providers, this property is ideally positioned for long-term viability. Additionally, future upside exists through sustainability upgrades such as planned solar panels and EV charging stations.
This is a unique owner/user investment opportunity that combines immediate operational potential with long-term value in one of Orange County’s most sought-after medical office submarkets.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
25,000 SF
Building Class
B
Year Built
2008
Price
$11,000,000
Price Per SF
$440
Cap Rate
6.28%
NOI
$690,308
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,500 SF
Slab To Slab
11’
Building FAR
0.33
Lot Size
1.73 AC
Zoning
CBPSP
Parking
123 Spaces (4.92 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 241-081-21 | Improvements Assessment | $4,826,673 |
| Land Assessment | $3,330,288 | Total Assessment | $8,156,961 |
PROPERTY TAXES
Parcel Number
241-081-21
Land Assessment
$3,330,288
Improvements Assessment
$4,826,673
Total Assessment
$8,156,961
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Los Alpress Medical Building | 10601 Walker St
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