185 W Chestnut Ave 16,230 SF 100% Leased Office Building Monrovia, CA 91016 $8,700,000 ($536.04/SF) 5.52% Cap Rate

185 W Chestnut Avenue is a well-maintained office building located in Monrovia, California. The property consists of approximately 16,230 square feet of office space situated on an approximately 38,188 square foot lot. The building offers a professional headquarters environment with a mix of private offices, conference rooms, open office areas, kitchen/break areas, employee lounge spaces, and outdoor patio areas. The property also includes on-site parking and convenient access to nearby retail, dining, public transportation, and major freeways. The property was originally built in 1985 and underwent a major renovation in 2017, making it well-suited for long-term office use.
The lease is structured as a true Triple-Net (NNN) lease, with the tenant responsible for property taxes, insurance, CAM, and utilities. NNN reimbursements are not counted toward the stated NOI. The offering is based on annual base rent of $480,000, with 3% annual contractual rent growth after Year One.
TransGlobal Holdings is a financial services platform headquartered in Monrovia, California. The company provides a broad range of services, including insurance, retirement planning, wealth management, tax services, real estate, lending, advisory, family office, and related financial solutions. TransGlobal Holdings has more than 30 years of experience, with over 30 branch offices across 15 states and more than 5,000 professional independent agents. The company is recognized as one of the largest financial services platforms serving the Asian community.
The property is also near the Metro A Line station and major regional transportation corridors, providing connectivity to Pasadena, Downtown Los Angeles, and surrounding San Gabriel Valley communities.