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High-Visibility Office on Monterey Pass Rd 2501 Davidson Dr 10,899 SF 100% Leased Office Building Monterey Park, CA 91754 $3,700,000 ($339.48/SF) 7% Cap Rate
Investment Highlights
- Prominent & Highly Visible Corner on Monterey Pass Road; Part of Los Angeles Corporate Center Business Park
- Features: (37) Parking Spaces, Fully Fire Sprinklered with 24/7 Monitoring, Individually Metered Electricity
- Modified Gross Leases with Certain CAM Charges Recoverable from Tenants
- Great Investment or Owner User, Currently 100% Leased
- Low $316/Month Association Fee Includes Security Patrol Service
- Quality Interior Buildout with Stable Tenants and Leases in Place
Executive Summary
KW COMMERCIAL and CHANG INVESTMENT GROUP are proud to exclusively present the opportunity to purchase 2501 Davidson Drive, Monterey Park, CA. This is an excellent opportunity for an investor or owner-user to acquire a strong office location at a prominent and highly-visible corner on Monterey Pass Road in the Los Angeles Corporate Center Business Park. Built in 1990, this 3-story corner lot office building with an elevator has ±10,899 square feet of building area and sits on a ±23,113 SF lot. It is well located in Monterey Park, just east of Downtown LA and adjacent to Alhambra, San Gabriel, and East Los Angeles, with easy access to the 5, 10, 60 and 710 freeways. Buyer to verify property zoning with the City of Monterey Park.
Property Highlights:
• Prominent & Highly Visible Corner on Monterey Pass Road
• Part of Los Angeles Corporate Center Business Park
• Great Owner-User or Investment
• Property is Zoned Office Professional (O-P).
• (37) Parking Spaces
• Fully Fire Sprinklered with 24/7 Monitoring
• HOA Includes Security Patrol Service
• Low Association Fee: $316 per Month
• Building Details:
o 1st Floor: Large Open Space/Reception with High Ceiling and Windows, (2) Offices, Kitchen/Breakroom, (2) Restrooms
o 2nd Floor: Large Open Office Area with Partial High Ceiling and Skylights, (7) Offices, (1) Storage, Kitchen/Breakroom, (2) Restrooms
o 3rd Floor: Large Open Office Space, (6) Offices, (1) Storage, Kitchen/Breakroom, (2) Restrooms
o Roof: Additional Storage Room
• Electricity is Individually Metered
• Modified Gross Leases - CAM Charges Recoverable from Tenants: Water, Common Area Electricity, Trash, Elevator and Fire System Maintenance & Repairs, Janitorial, Landscaping, and Other Common Area Issues as Needed.
Contact listing agents to schedule a tour of the properties. Do not disturb the tenants or walk onsite. Buyer to verify all information herein, Broker/Agent and Seller do not guarantee its accuracy.
Property Highlights:
• Prominent & Highly Visible Corner on Monterey Pass Road
• Part of Los Angeles Corporate Center Business Park
• Great Owner-User or Investment
• Property is Zoned Office Professional (O-P).
• (37) Parking Spaces
• Fully Fire Sprinklered with 24/7 Monitoring
• HOA Includes Security Patrol Service
• Low Association Fee: $316 per Month
• Building Details:
o 1st Floor: Large Open Space/Reception with High Ceiling and Windows, (2) Offices, Kitchen/Breakroom, (2) Restrooms
o 2nd Floor: Large Open Office Area with Partial High Ceiling and Skylights, (7) Offices, (1) Storage, Kitchen/Breakroom, (2) Restrooms
o 3rd Floor: Large Open Office Space, (6) Offices, (1) Storage, Kitchen/Breakroom, (2) Restrooms
o Roof: Additional Storage Room
• Electricity is Individually Metered
• Modified Gross Leases - CAM Charges Recoverable from Tenants: Water, Common Area Electricity, Trash, Elevator and Fire System Maintenance & Repairs, Janitorial, Landscaping, and Other Common Area Issues as Needed.
Contact listing agents to schedule a tour of the properties. Do not disturb the tenants or walk onsite. Buyer to verify all information herein, Broker/Agent and Seller do not guarantee its accuracy.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
10,899 SF
Building Class
B
Year Built
1990
Price
$3,700,000
Price Per SF
$339.48
Cap Rate
7%
NOI
$259,000
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
3,633 SF
Slab To Slab
11’
Building FAR
0.47
Lot Size
0.53 AC
Zoning
O-P (Office Professional) - "...professional offices and incidental commercial and light manufacturing uses that maintain the goals of the employment/technology land use..."
Parking
37 Spaces (4.13 Spaces per 1,000 SF Leased)
Amenities
- Signage
- Skylights
- Reception
- Storage Space
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- All American Asphalt
- -
- -
- -
- -
- -
-
- Transportation and Warehousing
- -
- -
- -
- -
Capital Freight Management is a full-service shipping solution provider. We help our client base of importers and exporters as well as Fortune 500 companies to continuously improve logistics in terms of service, reliability and cost. We are equipped to handle every kind of need. This is done through contracting with major carriers and trusted oversea agents and providing services such as custom clearance, cargo insurance and international trade document processing. We can find the most effective means to transport your freight in terms of deadlines and cost. Our network and experience will allow you to measurably improve logistics performance. Established in 2000, we pride ourselves in our top notch and personable customer service. Our staff is trained to value our customers as our highest priority. Whatever your shipping needs are, we will do our best to fulfill your requirements. We want you to rest assured that your cargo will be at the right place at the right time.
- Innovative Engineering Group
- Professional, Scientific, and Technical Services
- -
- -
- Modified Gross
- Jun 2016
- Monterey Park Bosch Repair
- Services
- -
- -
- -
- -
- SNT Construction
- Professional, Scientific, and Technical Services
- -
- -
- -
- -
- United Medical Center
- Health Care and Social Assistance
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| All American Asphalt | - | - | - | - | - | |
|
|
Transportation and Warehousing | - | - | - | - | |
| Innovative Engineering Group | Professional, Scientific, and Technical Services | - | - | Modified Gross | Jun 2016 | |
| Monterey Park Bosch Repair | Services | - | - | - | - | |
| SNT Construction | Professional, Scientific, and Technical Services | - | - | - | - | |
| United Medical Center | Health Care and Social Assistance | - | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 5237-022-010 | Improvements Assessment | $1,567,301 |
| Land Assessment | $1,115,517 | Total Assessment | $2,682,818 |
Property Taxes
Parcel Number
5237-022-010
Land Assessment
$1,115,517
Improvements Assessment
$1,567,301
Total Assessment
$2,682,818
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High-Visibility Office on Monterey Pass Rd | 2501 Davidson Dr
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