526 W LAS TUNAS DR San Gabriel CA 91776-1111

TOP PERFORMING OFFICE MARKET

• The San Gabriel Valley (SGV) is a top performing office market in the Greater Los Angeles (GLA) region with the second lowest direct vacancy rate of 10.3% in 3Q24, well below the GLA regional average of 21.2%.

• Unlike other submarkets in GLA witnessing declining rents, over the past 12 months SGV rents have increased by 1.4%, while still offering some of the most competitive rents in GLA.

• The SGV is one of only two submarkets out the nine that comprise the GLA region which have experienced positive net absorption in Q3 2023.

• The SGV is characterized by no new office development with existing office product earmarked for adaptive reuse developments or redevelopments of office to alternative uses such as industrial, multifamily, and data centers, further reducing the overall market vacancy putting upward pressure on rent.

STRATEGIC REGIONAL HEADQUARTERS LOCATION

• Excellent regional headquarters location for a company that serves the highly sought after surrounding communities of the Western San Gabriel Valley including Pasadena, South Pasadena, San Marino, Arcadia, Temple City, Alhambra, Rosemead, and Monterey Park.

• Excellent access off Las Tunas Drive which is one of the main east/west corridors that connects the cities of the SGV, including the immediately neighboring communities of Alhambra and Temple City.

• Prominent exposure on Las Tunas Drive with approximately 20,855 vehicles passing the property each day —COSTAR.

• Amenities With a Walker’s Paradise “Walkscore” of 92, nearly all of daily errands can be accomplished by foot (within ±4 walking blocks) given the proximity to the following amenities: 7+ restaurants, 6+ urgent care/medical facilities, and 1 major grocery store.

• Close proximity to rooftops, premier walkable amenities, the 10 (San Bernardino) Freeway, and 210 (Foothill) Freeway make this an ideal location to for a first-class regional headquarters.

TOP REGIONAL HEADQUARTERS OPPORTUNITY – SAN GABRIEL, CA

• Rare opportunity for an owner/user to acquire an architecturally significant regional headquarters building fronting on one of the most highly travelled east/west corridors in the densely populated Western San Gabriel Valley.

• First time in almost 25 years that the building has been made available for sale.

• Currently the only Walker’s Paradise (92 Walkscore) office building for sale within a 5-mile radius that can immediately accommodate a 10K to 25K SF owner/user.

• Originally developed as a regional bank branch in 1955, the highly visible building is characterized by a sleek mid-century modern design, with clean lines and thoughtfully appointed elements of brick, glass, and steel.

IDEALLY SUITED FOR OWNER/USER

• The two-story elevator served building (three floors with basement) offers drive-around surface parking, multiple points of access, abundant natural light, a flexible mix of private offices and open plan, ease of divisibility, separately controlled zones for HVAC for round the clock use, and a Kohler 230KW 120/208V 3 Phase, 4 Wire backup diesel generator for mission critical operations.

• This pride of ownership asset has been constantly maintained and upgraded by the owner with the following notable improvements:

  • New cool roof in 2011 with 15-year warranty

  • On-Premise Backup Generator (Kohler 230kW 120/208V 3 Phase, 4 Wire Diesel)

  • New 2,000 pound three-stop hydraulic elevator (installed in August 2021)

  • 95% of the lighting has been retrofitted to LED

• This investment provides an attractive lease-saving trade-off. As opposed to leasing space, a purchase provides protection against future rental market uncertainty and rate hikes. It further offers occupancy control, certain tax benefits and after-tax equity accumulation.