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13340 183rd St 69,349 SF 100% Leased Office Building Cerritos, CA 90703 $28,000,000 ($403.75/SF)
Investment Highlights
- Strategically located between the Los Angeles and Orange County Business Centers directly fronting the Artesia/Riverside (91) Freeway
- This property is the largest potential expansion development parcel within the City of Cerritos, offering boundless potential for a prospective buyer
- Property is also served by Riverside (91), Santa Ana (5) and the San Gabriel (605) Freeways along with LAX, John Wayne Airport, and Ontario Airports
- Located five minutes away from the Cerritos Town Center for the Performing Arts, Cerritos City Hall, and Los Cerritos Shopping Center
Executive Summary
13340 183rd St is a Class A office building, approximately 69,349 SF and sits on approximately 4.68 Acres at the intersection of Carmenita and 183rd St in the City of Cerritos.
1. The project is strategically located midway between the Los Angeles and Orange County Business Centers directly fronting the Artesia/Riverside (91) Freeway, with both on and off ramps on site. The property is also served by the Riverside (91) , Santa Ana (5) and the San Gabriel (605) Freeways. LAX, John Wayne Airport, and Ontario Airport are all within 30 minutes of the location.
2. Carmenita Business Plaza not only benefits from the ideal combination of its location as a convergence point between the greater Los Angeles, Orange and Inland Empire but lies in the Business Friendly City of Cerritos. The Cerritos market has historically outperformed both Los Angeles and Orange County vacancy rates which approach 21.9% (LA) and 23.7% (OC) respectively at a recent rate below 15%.
3. Potential development site. Carmenita Plaza at 69,349 SF sits on a 4.68 Acre site that does not have the Encumbrance of a Ground Lease within the City of Cerritos providing prospective buyers a fee simple interest in the property and is the largest potential expansion development parcel within the City of Cerritos.
4. Five minutes away from the Cerritos Town Center for the Performing Arts, Cerritos City Hall, and Los Cerritos Shopping Center.
1. The project is strategically located midway between the Los Angeles and Orange County Business Centers directly fronting the Artesia/Riverside (91) Freeway, with both on and off ramps on site. The property is also served by the Riverside (91) , Santa Ana (5) and the San Gabriel (605) Freeways. LAX, John Wayne Airport, and Ontario Airport are all within 30 minutes of the location.
2. Carmenita Business Plaza not only benefits from the ideal combination of its location as a convergence point between the greater Los Angeles, Orange and Inland Empire but lies in the Business Friendly City of Cerritos. The Cerritos market has historically outperformed both Los Angeles and Orange County vacancy rates which approach 21.9% (LA) and 23.7% (OC) respectively at a recent rate below 15%.
3. Potential development site. Carmenita Plaza at 69,349 SF sits on a 4.68 Acre site that does not have the Encumbrance of a Ground Lease within the City of Cerritos providing prospective buyers a fee simple interest in the property and is the largest potential expansion development parcel within the City of Cerritos.
4. Five minutes away from the Cerritos Town Center for the Performing Arts, Cerritos City Hall, and Los Cerritos Shopping Center.
Property Facts In Escrow
Sale Type
Investment or Owner User
Property Type
Office
Building Size
69,349 SF
Building Class
A
Year Built/Renovated
1981/1997
Price
$28,000,000
Price Per SF
$403.75
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
23,116 SF
Slab To Slab
9’
Building FAR
0.34
Lot Size
4.68 AC
Zoning
CO, Los Angeles
Parking
378 Spaces (5.45 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 7027-019-041 | Improvements Assessment | $9,115,239 |
| Land Assessment | $14,205,570 | Total Assessment | $23,320,809 |
Property Taxes
Parcel Number
7027-019-041
Land Assessment
$14,205,570
Improvements Assessment
$9,115,239
Total Assessment
$23,320,809
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