This Office Property is no longer advertised on LoopNet.com.

2450 W Main St
Alhambra, CA 91801
Office Property For Sale

Investment Highlights

  • Competitive Offering Actual CAP Rate of 5.62% /ProForma CAP Rate of 7.38%. / Ideal For Owner-User. A+ Location
  • Market lease rates for the property range between $2.25/SF (LOW) to $3.00/SF (HIGH), full NNN.
  • Property is Priced Below Replacement Cost @$394.70/SF. Local Comparable Office Product is Trading @ an Average of $606/SF.
  • The ProForma CAP Rate is Based on New Lease near market rate @ $2.50/SF
  • Two-Story, Corner Lot. 1982 Construction. / Huge Upside in Potential Rents. Current Rents are Approximately 30% Below Market.
  • Ample Onsite Parking / Great Visibility /Corner Lot With Ample Exposure / Minutes From DTLA

Property Facts

Property Type
Office
Building Size
3,167 SF
Building Class
B
Year Built
1982
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,583 SF
Slab To Slab
10’
Building FAR
0.54
Lot Size
0.14 AC
Zoning
CPD
Parking
12 Spaces (2.96 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Bus Line

Property Taxes

Property Taxes

Parcel Number
5339-007-022
Land Assessment
$995,662
Improvements Assessment
$382,867
Total Assessment
$1,378,529
  • Listing ID: 27700259

  • Date on Market: 2/7/2023

  • Last Updated:

  • Address: 2450 W Main St, Alhambra, CA 91801

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