7200-7202 Greenleaf Ave 38,974 SF 100% Leased Office Building Whittier, CA 90602 $10,255,000 ($263.12/SF) 7.20% Cap Rate

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 3,543 square feet, providing flexibility to accommodate a broad range of office users. Current in-place income totals $96,856 per month ($2.49 per square foot), equating to $1,162,274 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.