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800 S Barranca Avenue, Covina, CA
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800 S Barranca Avenue
Covina, CA 91723-3625 - Eastern SGV Submarket
Total Space Avail:
125 Surface spaces are available; 310 Covered spaces are available; Ratio of 4.83/1,000 SF
24 Hour Availability, Bus Line, On Site Management
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
CLICK HERE TO CONTACT THE LEASING BROKER
FOR LEASE CONTACTS
Davenport Partners, Inc.
Davenport Partners, Inc.
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