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AFFORDABLE ANIMAL HOSPITAL WHITTIER 7247 Painter Ave 5,356 SF Office Building Whittier, CA 90602 $2,101,200 ($392.31/SF) 6.50% Cap Rate
Investment Highlights
- Dense Infill Los Angeles Submarket
- Strong Regional Connectivity
- Retail-Driven Trade Area
- Proximity To Uptown Whittier
- Stable, Family-Oriented Demographics
- Proximity To Major Employment Hubs
Executive Summary
• New 10-Year Sale-Leaseback: Brand new lease executed at close of escrow,
providing ±10 years of secure income with no near-term rollover risk.
• Absolute NNN Lease – Zero Landlord Responsibilities: Tenant is
responsible for all expenses including taxes, insurance, maintenance,
roof, structure, and parking lot; landlord has no obligations, creating
truly passive ownership.
• Long-Term Tenant Alignment: Sale-leaseback structure ensures the
operator is fully committed to the location, aligning ownership and
operational incentives.
• Strong Personal Guaranty: Lease is backed by a personal guaranty,
providing additional security.
• Inflation Hedge With Annual Increases: Lease features annual rent
increases equal to the lesser of CPI or 2%, providing consistent income
growth while maintaining tenant sustainability.
• Extension Options: Two (2) additional 5-year options, offering potential
for up to 20 years of total occupancy.
• Market Rent Profile: Rental rate of $25.50/SF supports long-term
sustainability and reduces risk of tenant default or relocation pressure.
• Recent Interior Renovation (2022): The property underwent a recent
interior remodel, enhancing functionality and demonstrating continued
tenant investment in the asset
providing ±10 years of secure income with no near-term rollover risk.
• Absolute NNN Lease – Zero Landlord Responsibilities: Tenant is
responsible for all expenses including taxes, insurance, maintenance,
roof, structure, and parking lot; landlord has no obligations, creating
truly passive ownership.
• Long-Term Tenant Alignment: Sale-leaseback structure ensures the
operator is fully committed to the location, aligning ownership and
operational incentives.
• Strong Personal Guaranty: Lease is backed by a personal guaranty,
providing additional security.
• Inflation Hedge With Annual Increases: Lease features annual rent
increases equal to the lesser of CPI or 2%, providing consistent income
growth while maintaining tenant sustainability.
• Extension Options: Two (2) additional 5-year options, offering potential
for up to 20 years of total occupancy.
• Market Rent Profile: Rental rate of $25.50/SF supports long-term
sustainability and reduces risk of tenant default or relocation pressure.
• Recent Interior Renovation (2022): The property underwent a recent
interior remodel, enhancing functionality and demonstrating continued
tenant investment in the asset
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
5,356 SF
Building Class
B
Year Built/Renovated
1986/2022
Price
$2,101,200
Price Per SF
$392.31
Cap Rate
6.50%
NOI
$136,578
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,356 SF
Building FAR
0.27
Lot Size
0.46 AC
Zoning
CO - Commercial
Parking
27 Spaces (5.04 Spaces per 1,000 SF Leased)
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8139-036-034 | Improvements Assessment | $533,217 |
| Land Assessment | $989,463 | Total Assessment | $1,522,680 |
Property Taxes
Parcel Number
8139-036-034
Land Assessment
$989,463
Improvements Assessment
$533,217
Total Assessment
$1,522,680
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AFFORDABLE ANIMAL HOSPITAL WHITTIER | 7247 Painter Ave
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