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8300 Florence Avenue 8300 Florence Ave 6,126 SF 100% Leased Office Building Downey, CA 90240 $3,500,000 ($571.34/SF)



EXECUTIVE SUMMARY
8300 Florence is a 6,126 square foot building located at the signalized intersection of Florence Avenue and Downey Avenue in Downey, CA. Florence Avenue is the main business oriented street in the City of Downey, stretching between Lakewood Blvd to the east and Paramount Blvd to the west. The zoning on Florence Avenue allows for Office and Professional services, including Medical Office.
8300 Florence is split into three suites, with two of the suites currently tenanted on a MTM basis (with tenants paying a triple net lease). The remaining approximate 1,200 square foot space is currently vacant, and has generated interest from the market to be leased.
8300 Florence is currently in a flexible situation, where the entire building could be leased providing for a stabilized investment, or have an immediate value addition in tenanting the entire building at market rates, or even having the ability to facilitate an owner-user to take over the space. There is immediate ability to take over 51% of the building, which would allow for SBA financing. Please contact myself or your trusted professional more more information.
8300 Florence is split into three suites, with two of the suites currently tenanted on a MTM basis (with tenants paying a triple net lease). The remaining approximate 1,200 square foot space is currently vacant, and has generated interest from the market to be leased.
8300 Florence is currently in a flexible situation, where the entire building could be leased providing for a stabilized investment, or have an immediate value addition in tenanting the entire building at market rates, or even having the ability to facilitate an owner-user to take over the space. There is immediate ability to take over 51% of the building, which would allow for SBA financing. Please contact myself or your trusted professional more more information.
PROPERTY FACTS In Escrow
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
6,126 SF
Building Class
B
Year Built
1966
Price
$3,500,000
Price Per SF
$571.34
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,126 SF
Building FAR
0.32
Lot Size
0.44 AC
Zoning
CP, Downey - Commercial Office and Professional Services
Parking
30 Spaces (4.9 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Bus Line
- Natural Light
- Partitioned Offices
- Reception
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Tax Specialty Plus
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Tax Specialty Plus | Professional, Scientific, and Technical Services | - | - | - |
1 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 6252-013-024 | Improvements Assessment | $632,691 |
| Land Assessment | $781,978 | Total Assessment | $1,414,669 |
PROPERTY TAXES
Parcel Number
6252-013-024
Land Assessment
$781,978
Improvements Assessment
$632,691
Total Assessment
$1,414,669
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8300 Florence Avenue | 8300 Florence Ave
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