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100 N Citrus Street, West Covina, CA

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DetailMap
100 N Citrus Street

West Covina, CA 91791-6610 - Eastern SGV Submarket

(3.5 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:1975
Stories:6 Typical Floor:13,166 SF Building Size:79,000 SF
Smallest Space:676 SF Largest Space:5,448 SF Total Space Avail:8,760 SF Rent/SF/Yr:
$28.80
Parking:Free Surface spaces are available; Ratio of 3.5/1,000 SF Amenities:Banking, Bus Line, On Site Management, Signage


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 2nd
1,018 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
 4th
1,682 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
 4th
2,142 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
 4th
1,624 SF
$28.80/SF/Yr
Vacant
Negotiable
Office
 6th
1,618 SF
$28.80/SF/Yr
Vacant
Negotiable
Office
 6th
676 SF
$28.80/SF/Yr
Vacant
Negotiable
Office
 
10523268
10329984
10329987
10583707
10529076
10764571
Floor Plan
  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
2nd
1,018 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
4th
1,682 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
4th
2,142 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
4th
1,624 SF
$28.80/SF/Yr
Vacant
Negotiable
Office
6th
1,618 SF
$28.80/SF/Yr
Vacant
Negotiable
Office
6th
676 SF
$28.80/SF/Yr
Vacant
Negotiable
Office
6-story, Class A, multi-tenant office building located right off the 10 freeway in West Covina. Major renovations recently completed, including interior and exterior improvements. Available suites in "Turn-key" move-in ready condition. We offer flexible lease terms and tenant friendly leasing process.

Conveniently located right off the 10 freeway and minutes away from the 57, 71, 60 and 210 freeways. 100 N. Citrus is located within the West Covina Westfield Eastland Shopping Center, which provides abundant restaurants, banks, retail and other amenities.

Sale Notes:
Description
CLASS A STABILIZED OFFICE INVESTMENT WITH LONG TERM STABLE CASH FLOW AND UPSIDE

* Excellent opportunity to acquire 100 N. Citrus Street, one of the San Gabriel Valley' s most iconic and recognizable Class A Office buildings with unparalleled San Bernardino (I-10) freeway frontage. The building offers a perfect floor plate for highly flexible office spaces with narrow bay depths and full height glass which allows for wonderful views and an abundance of light in the space. The property totals ±79,000 square feet and is currently 87.47% leased to 32 quality tenants including Wells Fargo as the anchor tenant.

STRONG SAN GABRIEL VALLEY OFFICE FUNDAMENTALS

* The 9.1 million square foot San Gabriel Valley has has a 7.5% vacancy rate, one of the lowest Class A vacancy rates in the entire LA Basin. Due to low vacancy and an ideal business environment, CBRE Econometric Advisors predicts a 22% increase in rents over the next 5 years.
HIGH IDENTITY LOCATION WITH EXCEPTIONAL AMENITY BASE

* The project benefits from unparalleled I-10 freeway frontage and is easily identified by the 226,000 cars that pass the project each day. The highly visible building is also easy to locate and access via the four way interchange on Citrus Street, one of West Covina' s major North/South thoroughfares.

* Located adjacent to Eastland Center, a 911,095 square foot regional shopping mall, the asset benefits from excellent walkable retail amenities including Walmart, Target, Hobby Lobby, Dicks Sporting Goods, TGI Fridays, Office Depot, Albertsons and BJ' s Restaurant & Brewhouse.

* Priced at $17,750,000 ($225 PSF) which is Significantly Below the Estimated Replacement Cost of $25,635,000 ($324 PSF)


Davenport Partners, Inc.
  
Davenport Partners, Inc.


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