Investment Overview

Marcus & Millichap, as Exclusive Advisor, is pleased to present 7200 Greenleaf Avenue, a 38,974 square foot three-story multitenant office building situated on 0.96 acres of land (41,930 SF) on the SE signalized corner of Greenleaf Avenue and Wardman Street in the Los Angeles county submarket of Whittier, CA. 7200 Greenleaf Avenue is currently 100% occupied. The property is anchored by the Social Security Administration and a Wells Fargo branch bank, complimented by a variety of general office uses ranging from law firms, property management, and insurance offices as neighboring tenants. The Social Security Administration recently exercised a 10-year option, extending their lease through 2035 and reaffirming their commitment to the property and area. The property boasts a long-standing history of successful tenant operations with an average length of tenancy in excess of 8 years. Outside of the Social Security Administration’s 10,097 SF unit and Wells Fargo’s 7,528 SF unit the property’s average unit is 1,941 SF, unit sizes that can accommodate a variety of uses. The property’s in place tenancy pays $94,778.56 per month ($2.43/SF) or $1,137,342.72 annually with one vacant unit. The subject property is positioned as Whittier’s primary office location, central in the walk-able uptown district with close access to a variety of lunch and dinner restaurant opportunities and shops. The site benefits from a multitude of ingress and egress options along both Greenleaf Avenue, Wardman Street, and via the alley bordering the rear of the property providing access to site parking. Patrons of the property enjoy the subject property’s on-site podium parking structure, equipped with ninety-six (96) parking spaces, a parking ratio of 2.46 spaces per 1,000 SF. A buyer can elect to convert the parking to a paid system, adding an additional revenue stream to the existing income. 7200 Greenleaf Avenue enjoys excellent visibility with its large street frontage of approximately 250 feet and 135 feet along Greenleaf Avenue and Wardman Street, respectively.