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Investment Highlights
- Building Size: 38,974 SF
- Gross Income: $1,137,343 / NOI: $708,981
- Diverse Tenant Base- 12 Tenants- Legal, Govt, Banking, Education, Insurance
- Occupancy: 100% / Avg Occupancy: 13 years
- ±74,000 people within 2-mi radius / Easy Access to 605 Freeway
- Potential Upside: Rates Below Market, Opex Passthroughs, Parking Fees, New BOMA
Executive Summary
https://my.rcm1.com/handler/modern.aspx?pv=SIT64WZYa_V9aFaGTUoYTLtsXkQGA1YnB-Rihiv6gpr9ldQG2nKi-R1tX13IU8beeoXRi0t7gAL-BkXRSGG_vA
7200 Greenleaf Avenue is a fully leased, well managed & maintained stabilized office asset anchored by two high-credit tenants: the Social Security Administration and Wells Fargo Bank. The remainder of the tenancy consists of a diverse mix of professional service users, including legal, property management, education and insurance firms, creating a well-balanced and complementary tenant roster.
The Social Security Administration reaffirmed its long-term presence at the property by exercising a 15-year lease extension through 2035, with a termination option beginning December 15, 2030. This commitment underscores the property’s strategic importance within the market. Overall tenant stability is strong, with an average tenancy exceeding thirteen years.
Excluding the Social Security Administration’s 10,097 square feet and Wells Fargo’s 7,528 square feet with connected drive through banking, the typical suite size within the building averages approximately 2,372 square feet, providing flexibility to accommodate a broad range of office users. Current in-place income totals $95,717 per month ($2.46 per square foot), equating to $1,148,599 annually.
Strategically located in the heart of Uptown Whittier, the property serves as one of the city’s premier office destinations. Tenants benefit from immediate access to a vibrant, walkable district offering numerous dining, retail, and service amenities. The site provides convenient ingress and egress from the southeast corner of Greenleaf Avenue and Wardman Street, as well as rear alley access to parking facilities.
The property features a standalone 2-story parking structure with rooftop parking connected on the 2nd floor with a bridge directly into the building. A total of 96 on-site spaces delivers a parking ratio of 2.46 spaces per 1,000 square feet. An investor may also explore the opportunity to implement a paid parking system to generate supplemental revenue. Prominent street frontage along Greenleaf Avenue and Wardman Street enhances the property’s visibility and identity within the marketplace.
Property Facts
Amenities
- 24 Hour Access
- Property Manager on Site
- Signage
- Wheelchair Accessible
- Monument Signage
- Balcony
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
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- Public Administration
- -
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$9.99
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Lorem Ipsum
-
Jan 0000
The Social Security Administration (SSA) is an independent U.S. federal agency headquartered in the Woodlawn area of Baltimore, Maryland. Created in 1935 as part of the New Deal, it administers the nation’s primary social insurance programs, including retirement, survivors, and disability benefits under the Social Security Act, as well as Supplemental Security Income for qualifying aged, blind, and disabled individuals. From its central office complex, SSA oversees national policy, program administration, budget management, and regulatory compliance while coordinating with a nationwide network of field offices, teleservice centers, and processing centers. The headquarters does not typically process individual claims, as local offices handle most public services. SSA operates one of the largest federal programs supporting financial security for millions of Americans.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
Public Administration | - | $9.99 | Lorem Ipsum | Jan 0000 |
Property Taxes
| Parcel Number | 8139-033-026 | Improvements Assessment | $4,381,691 |
| Land Assessment | $6,157,140 | Total Assessment | $10,538,831 |
Property Taxes
Presented by
7200-7202 Greenleaf Ave
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