805 S Shamrock Ave 5,134 SF Office Building Monrovia, CA 91016 $2,688,000 ($523.57/SF)

This is truly a rare opportunity to acquire one of the few Mills Act registered commercial buildings in the West San Gabriel Valley. Enacted in 1979, the Mills Act legislation allows for municipalities like Monrrovia to enter into contracts with owners of historic or landmark properties that may result in a substantial property tax reduction. The owner of the Corvalan Building is a renown architect who completed the arduous task of qualifying the property for the Mills Act. His decision to sell this beloved building is motivated by an office relocation. Approximately $730,000 in infrastructure improvements including new HVAC, plumbing and earthquake retrofitting were invested in this one-of-a-kind gem. In addition, there are office resting quarters with access to a shower measuring +/-800 square feet ideal for the occasional late night work sessions. Feel free to contact broker for a confidential discussion regarding pricing guidance, Mills Act information, and touring instructions, and offer submittal instructions.