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800 S Barranca Avenue, Covina, CA

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DetailMap
800 S Barranca Avenue

Covina, CA 91723-3625 - Eastern SGV Submarket

(2.8 MB)

Property Type:Office Sub Type:- Status:Existing Year Built:1981
Stories:5 Typical Floor:17,987 SF Building Size:89,937 SF
Smallest Space:1,203 SF Largest Space:5,063 SF Total Space Avail:9,234 SF Rent/SF/Yr:
$28.80
Parking:125 Surface spaces are available; 310 Covered spaces are available; Ratio of 4.83/1,000 SF Amenities:24 Hour Availability, Bus Line, On Site Management


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
5,063 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
 2nd
1,203 SF
$28.80/SF/Yr
Vacant
Negotiable
Office
 3rd
2,968 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
 
10881414
10763704
10881407
Floor Plan
  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
5,063 SF
$28.80/SF/Yr
30 Days
Negotiable
Office
2nd
1,203 SF
$28.80/SF/Yr
Vacant
Negotiable
Office
3rd
2,968 SF
$28.80/SF/Yr
30 Days
Negotiable
Office

Sale Notes:
Description
CLASS A STABILIZED OFFICE INVESTMENT WITH UPSIDE
800 South Barranca Avenue offers an investor the unique opportunity to acquire a Class A office investment in one of the most desirable suburban office markets in the Los Angeles area. Currently 89.73% leased, this high image five-story steel frame and reflective glass building totals ±89,937 square feet with abundant covered and subterranean parking at 4.84 spaces/1,000 square feet. The property contains a diverse mix of 19 high-quality local, regional, national and international businesses. Anchored by the State of California, who has been in the building since 2008, and Regal Medical Group, who has grown by 170% since moving into the building, the building offers an investor stable cash flow with upside given in-place rents are 9.28% below market.
STRONG SAN GABRIEL VALLEY OFFICE FUNDAMENTALS
The 9.1 million square foot San Gabriel Valley Class A office market 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 20.3% increase in office rents over the next five years. In addition to organic rent growth, many of the Class A projects in the San Gabriel Valley have recently sold, which will push market rental rates higher


Davenport Partners, Inc.
  
Davenport Partners, Inc.


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