1333 South Mayflower Ave Monrovia, CA
Newly Renovated Stabilized Low-Rise Office Investment — Monrovia, CA
Marketing description
ROBUST LOW-RISE OFFICE DEMAND
►The 210 Corridor submarket is one of the top performing submarkets within the Greater Los Angeles office market, having a very low direct vacancy rate of 4.0%.
►High image accessible low-rise suburban office buildings like 1333 Mayflower are uniquely positioned to capture the shifting office occupier demand from urban to suburban, and 1333 Mayflower is an excellent value at a 25% discount to Class A space in Pasadena, in addition to offering free surface parking.
IDEAL SUBURBAN OFFICE LOCATION
►Regional access: freeway frontage and Gold Line Metro proximity - Monrovia Station.
►High demographics and skilled workforce: within a 2-mile radius, the average annual household income is more than $99,500 while 43.9% of the population is college-educated.
►Excellent surrounding amenities: adjacency to Huntington Oaks Shopping Center, plus many additional lifestyle amenities off nearby Huntington Drive.
Investment highlights
NEWLY-RENOVATED STABILIZED LOW-RISE OFFICE INVESTMENT/
COVERED LAND PLAY - MONROVIA, CA
►Rare opportunity to acquire the most sought-after newly renovated low-rise office building in Monrovia, CA. Currently 97.6% leased to 13 tenants, offering stable diverse in-place cashflow with the potential for future multifamily development.
►Bonus Depreciation Advantage: Given the new tax legislation passed July 2025, new ownership has the opportunity to accelerate the depreciation deduction in the first year of ownership, which would provide significant upfront tax savings and improve cash flow. CBRE's Cost Segregation Analysis estimates that such Year 1 deduction could total as much as ±$3.4 million with this purchase.
►Acquired in November of 2018, this 85,520 SF four-story surface-parked office building has been thoughtfully renovated with dramatic aesthetic improvements to the lobby, elevator cabs, common corridors, and restrooms. Inclusive of TI’s, ownership has invested more than $4 million into the asset since its acquisition.
►Freeway visible to 270k cars passing the property each day, this highly sought-after address has benefitted from the urban to suburban migration prevalent in the market since the end of Covid. In 2025 alone, two (2) new leases were signed totaling 11,132 SF with Tessier & California Medical Business Services along with five (5) renewals totaling 35,149 SF with HCVT, Wheeler & Gray, SGVCOG, St. Baldrick’s and McDonald & Cody.
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