4000 Arden Dr
El Monte, CA 91731
DMV · Office Property For Sale

Extremely Rare Long-Term Government Leased Investment * Extremely rare opportunity to purchase 1 of only 3 freestanding privately owned DMV field offices in Los Angeles County. Of the 27 free-standing DMV field offices that serve Los Angeles County’s 6.6 million licensed drivers, 85% are State owned. * Stable Cash Flow - 100% leased to the State of California Department of Motors Vehicles through July 2031, with 2.5% fixed annual rental increases providing a hedge against inflation. * High probability of long term tenancy – the average tenancy across the 27 LA County DMV field office locations is 43 years. High Image Silver LEED Certified Built-To-Suit Construction * The “Property” offers 10 to 1 parking, which is almost impossible to find in Los Angeles. * Newly constructed 2011 Silver LEED certified freestanding building. Stable Tenant With Fundamentally Strong Outlook * State of California DMV is one of the State’s largest agencies and is a self-funded profitable business that collects $6.5 billion in revenues annually. * Rapidly expanding additional expected near term growth - Over the next six years the State of California could spend $220 million and hire 715 workers to bring state identification cards up to federal standards. An October 1, 2020 deadline has been set that requires air travelers to present a passport or Real-ID compliant form of identification. The DMV field offices are the only place to obtain the Real-ID compliant card in California, and the visit must be in person.