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- LoopNet Team
588 Atlas St
Monterey Park, CA 91755
Property For Lease
HIGHLIGHTS
- Strategically located next to the Monterey Park Market Place shopping center, a newly developed 500K SF power center anchored by Costco and Home Depot
- HUGE Land Area - Approximately ±4.99 ACRES with Substantial Parking Available
- Single digit vacancy rate, high barriers to entry, pride of ownership/legacy leaving assets, property values, and ease of transportation
- Intrinsic Value - Monterey Park and the San Gabriel Valley as a whole are some of the most demanded and desirable markets in Southern California
- Monterey Park, CA, ranked #2 by Money magazine as the “10 Best Places in America to Raise a Family” and #3 as “America’s Best Places to Live" in 2017
- March 3,2020 Ballot includes "Measure ii" - for whereby the City will be proposing the new Land Use Element (LUE) to govern until 2040 if voted "Yes"
PROPERTY OVERVIEW
CIRE Partners is pleased to exclusively present for sale the Atlas Corporate Center, an office building campus centrally located in Monterey Park within the San Gabriel Valley and in close proximity to Los Angeles, California. The subject property’s address is 588 Atlas Avenue, Monterey Park, California, which was ranked #2 by Money magazine as the “10 Best Places in America to Raise a Family” and #3 as “America’s Best Places to Live” in 2017. The site consists of two (2), two-story office buildings measuring approximately 86,081 SF total, and approximately 4.99 acres of land on five (5) parcels. The former owner of the property took the initial steps toward upgrading the property during their ownership, in order to provide prospective buyers with a smooth change of ownership process. In terms of location, Monterey Park and the San Gabriel Valley as a whole are some of the most demanded and desirable markets in Southern California when considering the single digit vacancy rate, high barriers to entry, pride of ownership/legacy leaving assets, property values, and ease of transportation. As for residents, many enjoy the plentiful restaurants, historic monuments, recreational activities, cultural diversity, prospering economy, educational facilities, and the overall quality of life that Monterey Park provides. The city’s motto, “Pride in the past, Faith in the future,” is fully embraced as well. As for development activity in the area, the newly developed Monterey Park Market Place shopping center measures approximately 500,000 square feet on approximately 50 acres of land and took over a decade to come to fruition. Anchored by Costco and Home Depot, and including national credit tenants such as In-N-Out Burgers, Chick-fil-A, Starbucks, Buffalo Wild Wings, and Chase Bank, Monterey Park Market Place is a tremendous driver of both residential and economic traffic. These factors provide a significant benefit for the subject property, Atlas Corporate Center, which equates to a highly demanded and seasoned property.
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Property Manager on Site
- Signage
- Energy Star Labeled
- Kitchen
- Storage Space
- High Ceilings
- Natural Light
- Partitioned Offices
- Reception
- Shower Facilities
- Drop Ceiling
- Monument Signage
- Air Conditioning
PROPERTY FACTS
SUSTAINABILITY
SUSTAINABILITY
ENERGY STAR® Energy Star is a program run by the U.S. Environmental Protection Agency (EPA) and U.S. Department of Energy (DOE) that promotes energy efficiency and provides simple, credible, and unbiased information that consumers and businesses rely on to make well-informed decisions. Thousands of industrial, commercial, utility, state, and local organizations partner with the EPA to deliver cost-saving energy efficiency solutions that protect the climate while improving air quality and protecting public health. The Energy Star score compares a building’s energy performance to similar buildings nationwide and accounts for differences in operating conditions, regional weather data, and other important considerations. Certification is given on an annual basis, so a building must maintain its high performance to be certified year to year. To be eligible for Energy Star certification, a building must earn a score of 75 or higher on EPA’s 1 – 100 scale, indicating that it performs better than at least 75 percent of similar buildings nationwide. This 1 – 100 Energy Star score is based on the actual, measured energy use of a building and is calculated within EPA’s Energy Star Portfolio Manager tool.
