185 W Chestnut Ave - Office FOR SALE


Monrovia, CA 91016
$8,700,000 USD
626-593-5250
185 W Chestnut Ave, Monrovia, CA for Sale
$8,700,000 USD
Office - FOR SALE
1/26
null | 5.52% Cap Rate

185 W Chestnut Ave
Monrovia, CA 91016


HIGHLIGHTS

  • The lease is structured as a true Triple-Net lease, providing the investor with a passive ownership structure and limited landlord responsibility.
  • Tenant is responsible for property taxes, insurance, common area maintenance, and utilities, subject to final lease terms and buyer verification.
  • The lease structure provides predictable monthly income backed by a single-tenant headquarters use.
  • Tenant is responsible for property taxes, insurance, common area maintenance, and utilities, subject to final lease terms and buyer verification.
  • The building underwent a major renovation in 2017, creating a modern and functional office environment.
  • Located near Old Town Monrovia, the Metro A Line, and major regional transportation corridors, a desirable business location.

OVERVIEW

185 W Chestnut Avenue is a well-maintained office building located in Monrovia, California. The property consists of approximately 16,230 square feet of office space situated on an approximately 38,188 square foot lot. The building offers a professional headquarters environment with a mix of private offices, conference rooms, open office areas, kitchen/break areas, employee lounge spaces, and outdoor patio areas. The property also includes on-site parking and convenient access to nearby retail, dining, public transportation, and major freeways. The property was originally built in 1985 and underwent a major renovation in 2017, making it well-suited for long-term office use. The lease is structured as a true Triple-Net (NNN) lease, with the tenant responsible for property taxes, insurance, CAM, and utilities. NNN reimbursements are not counted toward the stated NOI. The offering is based on annual base rent of $480,000, with 3% annual contractual rent growth after Year One. TransGlobal Holdings is a financial services platform headquartered in Monrovia, California. The company provides a broad range of services, including insurance, retirement planning, wealth management, tax services, real estate, lending, advisory, family office, and related financial solutions. TransGlobal Holdings has more than 30 years of experience, with over 30 branch offices across 15 states and more than 5,000 professional independent agents. The company is recognized as one of the largest financial services platforms serving the Asian community. The property is also near the Metro A Line station and major regional transportation corridors, providing connectivity to Pasadena, Downtown Los Angeles, and surrounding San Gabriel Valley communities.

FOR SALE DETAILS

PRICE

$8,700,000 USD

PRICE/SF

$536 USD /SF

CAP RATE

5.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

47

LAND DETAILS

LAND ACRES

0.88 AC

LAND SF

38,189 SF

ZONING

M*

APN/PARCEL ID

8508-006-056

ASK ABOUT THIS PROPERTY

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626-593-5250

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626-593-5250

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