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7200-7202 Greenleaf Ave 38,974 SF 100% Leased Office Building Whittier, CA 90602 $10,550,000 ($270.69/SF)



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
-
- Public Administration
- -
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$9.99
-
Lorem Ipsum
-
Jan 0000
The Social Security Administration is a U.S. federal agency that began in 1935 as the Social Security Board under the Social Security Act and later adopted its current name in 1946. The agency administers retirement, disability, survivors, family, and Medicare-related services, and also supports Social Security number, card, and benefit-verification functions. SSA serves the public through online self-service tools such as my Social Security, a national toll-free number, and field-office support. The agency also runs work-support programs for disability beneficiaries, including Ticket to Work, which helps participants explore employment and maintain work-related supports.
| 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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