1.High-image, vacant, low-rise office building offering strong historical occupancy. All tenants vacated due to planned residential development of site that did not occur.
2.Compelling value-add potential through interior and exterior upgrades, as well as immediate lease-up of the current vacancies at market rents.
3.Ideal corporate headquarters investment for an owner-user seeking a lease savings trade-off. The purchase provides this owner-user investor pro- tection against future rental market uncertainty and rate hikes, as well as after-tax equity accumulation.
4.Exceptional floor plate flexibility—with many suite-size options—maxi- mizes tenant reach, eases lease-up time and further enhances the stability of future cash flows.
5.Tight Mid-Counties office submarket, has consistently outperformed the overall Los Angeles County market over the last 10 years. Strong office demand and supply scarcity in Mid-Counties have resulted in one of Southern California’s lowest vacancy rates, at 8.3% in 1Q2018.
6.Strong positive absorption totaled 32,719 square feet in Mid-Counties’ office market during 1Q2018, 97% of which took place within Cerritos, demonstrating strong user demand for the city
7.With no new construction, limited office supply and growing demand from users desiring live-work proximity, significant rent increase is expected in the Mid-Counties office market.