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The Kemp Building 8152 Painter Ave 8,476 SF 100% Leased Office Building Whittier, CA 90602 $1,898,000 ($223.93/SF) 6.86% Cap Rate
Executive Summary
GM Properties is pleased to present this well-maintained, fully occupied office/medical building located on Painter Avenue in Whittier, California.
This two-story (non-elevator served) property consists of 10 individual units, currently leased to 9 stable tenants. The tenant mix includes a range of medical and professional users, with unit sizes that cater to various needs—from small executive suites with a shared reception area to larger spaces, including a long-standing dental practice serving as the anchor tenant.
The property has a strong track record of consistent occupancy and dependable cash flow.
This two-story (non-elevator served) property consists of 10 individual units, currently leased to 9 stable tenants. The tenant mix includes a range of medical and professional users, with unit sizes that cater to various needs—from small executive suites with a shared reception area to larger spaces, including a long-standing dental practice serving as the anchor tenant.
The property has a strong track record of consistent occupancy and dependable cash flow.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
8,476 SF
Building Class
C
Year Built
1976
Price
$1,898,000
Price Per SF
$223.93
Cap Rate
6.86%
NOI
$130,130
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,238 SF
Slab To Slab
10’
Building FAR
0.56
Lot Size
0.35 AC
Zoning
CO
Parking
35 Spaces (4.13 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8142-021-032 | Improvements Assessment | $345,277 |
| Land Assessment | $630,519 | Total Assessment | $975,796 |
Property Taxes
Parcel Number
8142-021-032
Land Assessment
$630,519
Improvements Assessment
$345,277
Total Assessment
$975,796
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Contact the Sale Advisor
The Kemp Building | 8152 Painter Ave