11001 Main St - Medical FOR SALE


El Monte, CA 91731- Downtown El Monte
$7,200,000 USD
626-826-5419
11001 Main St, El Monte, CA for Sale
$7,200,000 USD
Medical - FOR SALE
1/10
null | 5.45% Cap Rate

11001 Main St
El Monte, CA 91731
Downtown El Monte


OVERVIEW

Anchored by JP Morgan Chase Bank, N.A. (NYSE: JPM), the largest bank in the United States, occupying 6,572 SF (33% of GLA) through February 2031 Investment grade credit income: Chase lease carries 2% annual escalations plus a $5,000 monthly CAM contribution 100% leased to a roster of ten office suites plus three mailbox tenants; no single office suite exceeds 13% of GLA Contractual rent growth: office escalations of 3% to 5% annually across the rent roll Diverse tenant base of legal, medical, chiropractic and professional service users Built 1962, renovated 2023, with pride of ownership presentation Parking at 3.80 per 1,000 SF with 73 surface spaces and covered options available Main Street infill location in the El Monte civic core with Interstate 10 and Interstate 605 access [marketing to add traffic counts and demographics] Rare San Gabriel Valley combination of credit anchored bank income and multi tenant office cash flow, ideal for 1031 exchange capital

FOR SALE DETAILS

PRICE

$7,200,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

5.45%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1962

SPRINKLERS

-

PARKING SPACES

73

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,333 SF

ZONING

C2

APN/PARCEL ID

8568-033-001

ASK ABOUT THIS PROPERTY

Christopher LarimoreOffice Market Group PasadenaMore Info
626-826-5419

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Christopher LarimoreOffice Market Group PasadenaMore Info
626-826-5419

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.