La Palma Business Center - LoopNet€¦ · high-rises. Anaheim Canyon is an industrial district...

[ La Palma Business Center ]3455 EAST LA PALMA AVENUE, ANAHEIM, CA

9,074 SF 2-STORY FREESTANDING OFFICE

OWNER OCCUPANCY ±7,822 SF


DISCLAIMER

This Executive Summary was prepared by Lee & Associates - Newport Beach (the “Broker”) solely for prospective purchasers of 3455 East La Palma Avenue, Anaheim, CA 92806 (the “Property”). Neither we (Lee & Associates, its brokers, employees, agents, principals, officers, directors and affiliates) nor the Owner of the Property (the “Owner”) make any representation or warranty, expressed or implied, as to the completeness or the accuracy of the material contained herein. The information contained herein was prepared to provide a summary of unverified information to prospective purchasers and to establish only a preliminary level of interest in the Property. The information contained herein is not a substitute for a thorough due diligence investigation; you and your attorneys, advisors and consultants should conduct your own investigation of the property and transaction. The information contained herein has been obtained from the property owner or other third party and is provided to you without verification as to accuracy with respect to the size and square footage of the Property and improvements, the presence or absence of contaminating substances, PCB’s or asbestos on the Property, etc. All potential buyers must take appropriate measures to verify all of the information set forth herein. It is the sole responsibility of the prospective Buyer to confirm the size of the units, building and property. The building is being offered on an “As Is” basis - Broker and Owner shall not make any representations as to the conditions of the building. The Executive Summary is a solicitation of interest only and is not an offer to sell the Property. The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and expressly reserves the right, at its sole discretion, to terminate negotiations with any entity at any time, or to remove the property from the market with or without notice. The Owner shall have no legal commitment or any obligation to any entity reviewing the Executive Summary or making an offer to purchase the Property unless and until the Owner executes and delivers a signed Real Estate Purchase Agreement on terms acceptable to Owner, in Owner’s sole discretion.

The Executive Summary is confidential. By accepting the Executive Summary, you agree (i) that you will hold and treat the Executive Summary and its contents in the strictest confidence, (ii) that you will not photocopy or duplicate any part of the Executive Summary, (iii) that you will not disclose the Executive Offering or any of its contents to any other entity without the prior written authorization of the Owner or the Broker, and (iv) that you will not use the Executive Summary in any fashion or manner that may be deemed detrimental to the Owner or the Broker.

DO NOT DISTURB TENANTS


TABLE OF CONTENTS

• Property Summary

• Statistics

• Parcel Map

• Floor Plans

• City of Anaheim

• Amenities Aerial

• Income & Expense Statements

• Rent Roll


PROPERTY SUMMARY

La Palma Professional Building consists of approximately 9,074 rentable square feet in a two story office over one level underground parking, multi-tenant office building prominently located on East La Palma Avenue between North Tustin Avenue and North Kraemer Boulevard in the city of Anaheim.

The building is uniquely positioned for the owner/user. Currently at 100% leased, the remaining tenants are on short term or month-to-month leases, giving the flexibility for owner/users seeking 1,650 sq. ft.

Location• Excellent visibility on the northeast corner of East La Palma

Avenue and North Fountain Way

• Exceptional freeway access via the 91, 57 and 55 freeways. These freeways provide superb access to clients and employees based in Los Angeles, Orange, Riverside and San Bernardino Counties

• Close proximity to various retail amenities, banking institutions, medical offices, etc. Kaiser Permanente is immediately across the street

• Proximity to entry level and executive housing

• Anaheim Canyon Metrolink Station across the street

• Excellent labor demographics

• Mature business environment

• Limited land availability / future competition

• Major corporate tenants and employers in the area include: Kaiser Permanente, Pacific Sunwear, B/E Aerospace, Styles for Less, Parker Hannifin, Straub Distribution and Targus Corporation

2017 Renovation Detail• Painted exterior and interior• New landscaping• New building signage• New recessed LED lighting in garage• New electrical switches and outlets• New stone facade in lobbies and garage• New second story exterior deck• Upgraded drains from 2” to 3” and corrected location• Completely remodeled front & side entryways - new flooring,

walls, recessed lighting• New highest grade commercial carpet and 10-year warrantied

waterproof simulated wood flooring• Remodeled all bathrooms with new flooring, low water toilets

and mirrors• Re-plastered all walls to straighten and added bullnose corners• Converted hanging fluorescent lights to recessed LED lights in

offices• Installed new motor in rooftop air conditioner, including a

computer on the motor which monitors and regulates air pressure through the system to provide the most efficient air flow

• Resealed joints on rooftop ductwork• New windows on north side of building (remaining windows

previously upgraded)• Installed 1080, 12-camera security system for interior and exterior

of building which can be monitored from within the building, off-site computer or smart phone from any location 24/7

• Replaced, upgraded and standardized locks on all office doors• Upgraded electrical panel from 20 amp to 30 amp• Replaced east exterior concrete & iron stairway


STATISTICS

Address 3455 East La Palma AvenueAnaheim, CA 92806

Net Rentable Area ±9,074 RSF

Year Built 1977

Construction Type Steel reinforced, wood frame and stucco structure (Substantially renovated 2006 & 2017)

Stories Two-story office over one level underground parking

Site Area ±13,068 SF (0.30 acres)

Site Coverage 57%

Street Frontage ±90 feet on East La Palma Avenue

Assessor Parcel # 345-091-01

Parking 26 total spaces (15 free covered spaces, seven spaces at front of building and four at back of building)

Zoning Industrial, a variety of light industrial and commercial uses, including office uses, are permitted

Sprinklers None

Elevator None

Utilities Electricity: Anaheim UtilityGas: The Gas CompanyTelephone: AT&TWater/Sewer: Anaheim Utility

Investment Summary

Square Feet ±9,074 SF

Number of Buildings 1

Number of Suites 13

Offering Terms

3455 East La Palma Avenue is being offered for sale at $1,975,000.00 ($217.65/SF). Buyers should base their offers on an “as-is/where-is” basis for the fee simple interest in the property and the land thereunder.


PARCEL MAP


LOBBY

LOBBY

RR

RR

RR RR

RR

RR

RR

RR

BALCONY

SUITE 1031,000 SF

SUITE 1001,252 SF

SUITE 102861 SF

SUITE 207250 SF

SUITE 2051,552 SF

SUITE 201250 SF

SUITE 202250 SF

SUITE 203320 SF

SUITE 208308 SF

KIT.

SUITE 204600 SF

SUITE 1011,645 SF

SUITE 205

FLOOR PLANS

FIRST FLOOR5,037 SF

SECOND FLOOR4,037 SF


CITY OF ANAHEIM

Anaheim is a city in Orange County, California, part of the Los Angeles metropolitan area. As of the 2010 United States Census, the city had a population of 336,265, making it the most populous city in Orange County and the 10th-most populous city in California. Anaheim is the second-largest city in Orange County in terms of land area (after Irvine) and is known for its theme parks, the Anaheim Convention Center, and its two major sports teams: the Anaheim Ducks ice hockey club and the Angels baseball team.

Anaheim’s city limits extend from Cypress in the west to the Riverside County line in the east and encompass a diverse collection of neighborhoods and communities. Anaheim Hills is a master-planned community located in the city’s eastern stretches that is home to many of the city’s affluent. Downtown Anaheim has three mixed-use historic districts, the largest of which is the Anaheim Colony. The Anaheim Resort, a commercial district, includes Disneyland, Disney California Adventure, and numerous hotels and retail complexes. The Platinum Triangle, a neo-urban redevelopment district surrounding Angel Stadium, is planned to be populated with mixed-use streets and high-rises. Anaheim Canyon is an industrial district north of California State Route 91 and east of California State Route 57.

Anaheim is approximately 25 miles (40 km) south east of Downtown Los Angeles. The city roughly follows the east-to-west route of the 91 Freeway from the Orange-Riverside county border to Buena Park. To the north, Anaheim is bounded by (from east to west) Yorba Linda, Placentia, Fullerton, and Buena Park. The city shares its western border with Buena Park and Cypress. Anaheim is bordered on the south by (from west to east) Stanton, Garden Grove, and Orange. Various unincorporated areas of Orange County also abut the city, including Anaheim Island. According to the United States Census Bureau, the city has a total area of 50.8 square miles (132 km2). 49.8 square miles (129 km2) of it is land and 1.0 square mile (2.6 km2) of it (1.92%) is water.

Attractions• Anaheim GardenWalk

• Anaheim Convention Center

• Angel Stadium of Anaheim

• Disneyland Resort

• Disneyland Park

• Disney California Adventure Park

• Downtown Disney

• The Grove of Anaheim

• Honda Center

• Anaheim Ice

• American Sports Centers, home of the U.S. men’s national volleyball team

• Flightdeck Flight Simulation Center

• Anaheim Hills Golf Course

• Dad Miller Golf Course

• Oak Canyon Nature Center

• MUZEO, Art Museum located in Downtown Anaheim

• Anaheim/OC Walk of Stars


AMENTIES AERIAL

La Palma Business Center - LoopNet€¦ · high-rises. Anaheim Canyon is an industrial district...

Documents

Transcript of La Palma Business Center - LoopNet€¦ · high-rises. Anaheim Canyon is an industrial district...