Skip to main content

Office

Harbor West Medical Plaza

860 E La Habra Blvd, La Habra, CA 90631

Listing Price: $2,050,000

Cap Rate
7.59%
Gross SF
12,760
Rentable SF
11,295
Price/Gross SF
$160.66
Lot Size
0.35 acres
Year Built
1977

Investment Overview

Marcus & Millichap is pleased to offer for sale Harbor West Medical Plaza medical/professional office building, located in La Habra, California. The 11,295-square foot multi-tenant office building was built in 1977. The property is conveniently located a block away from the busy intersection of East La Habra Boulevard and South Harbor Boulevard just west of the 57 freeway and just north of the 90 freeway.

The office building is a 11,295-square foot multi-tenant office building with 22 office suites which have historically been 100% occupied with very little turnover. The tenants are all well diversified with tenants that include sectors in medical, insurance, pharmacy, beauty, fashion, hospice and more. All leases have been on short-term leases to give both the tenant and owner flexibility to adjust to market conditions. The building is extremely well kept with a brand new silicone overlay on the roof which comes with a 5-year warranty.

The offering is ideal for an investor or owner-user who is seeking an opportunity to purchase a well-diversified multi-tenant office building with an attractive going in capitalization rate of 7.59% with upside to lease up the space that is currently being used by the Seller to bring the income to a 8.88% capitalization rate.

Investment Highlights

  • Property is located in the Heart of La Habra California where Major Growth is Currently Occurring with Many New Developments
  • Very Well Maintained Corner Lot Office Building Located in the Heart of La Habra with Excellent visibility on La Habra Boulevard
  • Multi-Tenant Medical/Professional Office Building with over 22,127-Vehicles Per Day
  • Well Diversified Office Building with Medical and Professional Tenants Offering a Current Capitalization Rate of 7.59% with a 8.88% Pro-Forma
  • Property is Located Within 1-Mile of the City Hall, Police Station, US Post Office and Within 3-Miles from St. Jude Hospital

Exclusively Listed By

Financing By

Office

Harbor West Medical Plaza

Listing Price: $2,050,000

Cap Rate
7.59%
Gross SF
12,760
Rentable SF
11,295
Price/Gross SF
$160.66
Lot Size
0.35 acres
Year Built
1977

Investment Highlights

  • Property is located in the Heart of La Habra California where Major Growth is Currently Occurring with Many New Developments
  • Very Well Maintained Corner Lot Office Building Located in the Heart of La Habra with Excellent visibility on La Habra Boulevard
  • Multi-Tenant Medical/Professional Office Building with over 22,127-Vehicles Per Day
  • Well Diversified Office Building with Medical and Professional Tenants Offering a Current Capitalization Rate of 7.59% with a 8.88% Pro-Forma
  • Property is Located Within 1-Mile of the City Hall, Police Station, US Post Office and Within 3-Miles from St. Jude Hospital

Investment Overview

Marcus & Millichap is pleased to offer for sale Harbor West Medical Plaza medical/professional office building, located in La Habra, California. The 11,295-square foot multi-tenant office building was built in 1977. The property is conveniently located a block away from the busy intersection of East La Habra Boulevard and South Harbor Boulevard just west of the 57 freeway and just north of the 90 freeway. The office building is a 11,295-square foot multi-tenant office building with 22 office suites which have historically been 100% occupied with very little turnover. The tenants are all well diversified with tenants that include sectors in medical, insurance, pharmacy, beauty, fashion, hospice and more. All leases have been on short-term leases to give both the tenant and owner flexibility to adjust to market conditions. The building is extremely well kept with a brand new silicone overlay on the roof which comes with a 5-year warranty. The offering is ideal for an investor or owner-user who is seeking an opportunity to purchase a well-diversified multi-tenant office building with an attractive going in capitalization rate of 7.59% with upside to lease up the space that is currently being used by the Seller to bring the income to a 8.88% capitalization rate.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower