3179 Temple Ave - Office FOR SALE


Pomona, CA 91768
$12,950,000 USD
949-419-3276
3179 Temple Ave, Pomona, CA for Sale
$12,950,000 USD
Office - FOR SALE
1/17
null | 7.38% Cap Rate

3179 Temple Ave
Pomona, CA 91768


HIGHLIGHTS

  • Strong Single-Tenant Los Angeles County - Child Support Services Department Fitch/S&P Global "AAA" Rating
  • Prime Location Immediately Adjacent to 57 Freeway
  • Attractive Capitalization Rate of 7.38% Going-In with an Accelerated Pro-Forma of 8.00% Capitalization Rate
  • Los Angles County Occupying the Space Since 2014 with Many Lease Renewals
  • Solar Photovoltaic (PV) System - Highly Transferable Benefits to a New Buyer - Over $2.775 Million in Bill Savings and Over $358,000 in Incentives

OVERVIEW

Marcus & Millichap is excited to present an outstanding investment opportunity for the acquisition of a prime 51,608-square-foot office building located at 3179 Temple Avenue, Pomona, California, conveniently positioned just off the 57 Freeway. This well-maintained, single-tenant office property is fully occupied by the County of Los Angeles – Child Support Services Department, a reliable government tenant that has occupied the space since 2014. Previously, the Department operated out of smaller, less accessible locations: 222 N Indian Hill Boulevard for 20 years and 1550 S. Garey Avenue for 12 years. The current location offers superior accessibility, with excellent freeway proximity and ample on-site parking, ensuring ease of access for both employees and visitors. The building has undergone extensive capital and tenant improvements totaling approximately $250,000, which include a new roof, upgraded exterior LED lighting, new south-facing awnings, a replaced condenser coil, fresh interior paint, enhanced parking lot coating, improved lighting, and upgraded exterior security cameras and monitors. Additionally, the property is set to receive a state-of-the-art solar photovoltaic (PV) system, with an estimated installation cost of $545,000. This solar system, which is included in the sale, will provide significant long-term benefits, including an estimated $358,075 in incentives for the buyer and approximately $2.775 million in electricity savings over the next 25 years, according to a proposal from Revel Energy. This offering represents a unique opportunity for investors seeking a secure, long-term investment with a single credit tenant. The building includes a cell tower and offers an attractive 7.38% going-in capitalization rate, which will rise to 8.00% following the installation of the solar PV system and annual rent escalations.

FOR SALE DETAILS

PRICE

$12,950,000 USD

PRICE/SF

$251 USD /SF

CAP RATE

7.38%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Los Angeles County - Child Support Services

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront, Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

78

LAND DETAILS

LAND ACRES

3.6 AC

LAND SF

156,620 SF

ZONING

POM2*

APN/PARCEL ID

8719-002-021

ASK ABOUT THIS PROPERTY

Alex MobinMarcus & MillichapMore Info
949-419-3276

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Alex MobinMarcus & MillichapMore Info
949-419-3276

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