2501 Davidson Dr - Loft/Creative Space FOR SALE


Monterey Park, CA 91754
$3,700,000 USD
626-381-9885
2501 Davidson Dr, Monterey Park, CA for Sale
$3,700,000 USD
Loft/Creative Space - FOR SALE
1/27
null | 7% Cap Rate

2501 Davidson Dr
Monterey Park, CA 91754


HIGHLIGHTS

  • Prominent & Highly Visible Corner on Monterey Pass Road; Part of Los Angeles Corporate Center Business Park
  • Great Investment or Owner User, Currently 100% Leased
  • Features: (37) Parking Spaces, Fully Fire Sprinklered with 24/7 Monitoring, Individually Metered Electricity
  • Low $316/Month Association Fee Includes Security Patrol Service
  • Modified Gross Leases with Certain CAM Charges Recoverable from Tenants
  • Quality Interior Buildout with Stable Tenants and Leases in Place

OVERVIEW

KW COMMERCIAL and CHANG INVESTMENT GROUP are proud to exclusively present the opportunity to purchase 2501 Davidson Drive, Monterey Park, CA. This is an excellent opportunity for an investor or owner-user to acquire a strong office location at a prominent and highly-visible corner on Monterey Pass Road in the Los Angeles Corporate Center Business Park. Built in 1990, this 3-story corner lot office building with an elevator has ±10,899 square feet of building area and sits on a ±23,113 SF lot. It is well located in Monterey Park, just east of Downtown LA and adjacent to Alhambra, San Gabriel, and East Los Angeles, with easy access to the 5, 10, 60 and 710 freeways. Buyer to verify property zoning with the City of Monterey Park. Property Highlights: • Prominent & Highly Visible Corner on Monterey Pass Road • Part of Los Angeles Corporate Center Business Park • Great Owner-User or Investment • Property is Zoned Office Professional (O-P). • (37) Parking Spaces • Fully Fire Sprinklered with 24/7 Monitoring • HOA Includes Security Patrol Service • Low Association Fee: $316 per Month • Building Details: o 1st Floor: Large Open Space/Reception with High Ceiling and Windows, (2) Offices, Kitchen/Breakroom, (2) Restrooms o 2nd Floor: Large Open Office Area with Partial High Ceiling and Skylights, (7) Offices, (1) Storage, Kitchen/Breakroom, (2) Restrooms o 3rd Floor: Large Open Office Space, (6) Offices, (1) Storage, Kitchen/Breakroom, (2) Restrooms o Roof: Additional Storage Room • Electricity is Individually Metered • Modified Gross Leases - CAM Charges Recoverable from Tenants: Water, Common Area Electricity, Trash, Elevator and Fire System Maintenance & Repairs, Janitorial, Landscaping, and Other Common Area Issues as Needed. Contact listing agents to schedule a tour of the properties. Do not disturb the tenants or walk onsite. Buyer to verify all information herein, Broker/Agent and Seller do not guarantee its accuracy.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$339 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

High-Visibility Office on Monterey Pass Rd

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

ADD'L SUBTYPES

undefined, R&D, Restaurant

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

37

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,104 SF

ZONING

O-P (Office Professional)

APN/PARCEL ID

5237-022-010

ASK ABOUT THIS PROPERTY

Steve ChangChang Investment GroupMore Info
626-381-9885

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Steve ChangChang Investment GroupMore Info
626-381-9885

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