Sunset Plaza Office and Industrial Center – Irwindale

John Pak Group has been selected to exclusively represent for Sunset Plaza Office and Industrial Center. Located at 15805 East Edna Place, Sunset Plaza is a 26,097 SQ FT office and industrial campus ideally situated on 1.99 acres of land in the San Gabriel sub-market of Irwindale, CA. 15805 Edna Place sits on 86,838 square feet of land zoned CM-1, ideally located in a state enterprise zone. Built-in 1963, the subject property is home to a mix of warehouse and office space. 51.3% of the campus is warehouse space, and 48.7% of the campus is office space. There are two warehouse units, one being 5,000 square feet and the other being 8,500 square feet. The remainder of the campus consists of 51 office suites, with an average square footage of 251 square feet per unit. These units are easily leasable and command top dollar rents with minimal tenant improvement costs required between tenants. The warehouse space is currently 100% occupied on a month-to-month basis. The office space is currently 97% occupied, with 83% of the office space occupied on a month-to-month basis. The in-place office leases all expire in 2021, creating excellent flexibility. This value-add opportunity allows an investor the opportunity to bring the warehouse space to market rents and stabilize the office space, allowing for significant upside in rents.

Details
  • price $8,500,000
  • status commercial featured
  • state CA
  • country US
  • property type Commercial
  • address 15805 Edna Pl
  • city Irwindale
  • zip code 91706