11001 Main St

Explore the vibrant community surrounding the property in El Monte, CA. Situated in a prime location, this area offers a perfect blend of historic charm and modern conveniences. With easy access to major transportation routes and located near the El Monte Bus Station, this area is a hub for commuting professionals. Nearby attractions include the Whittier Narrows Recreation Area, which offers outdoor recreational opportunities with its lakes, trails, and picnic areas. For those seeking a variety of dining, shopping, and entertainment options, the Santa Anita Mall is just a short drive away. This bustling area provides an appealing environment for potential Office / Office Building investors to consider.We are pleased to present the opportunity to acquire Chase at Main, a ±19,629 rentable square foot, Chase Bank anchored, multi-tenant commercial building located in Los Angeles County at 11001 Main Street in the city of El Monte, California. Prominently positioned on Main Street in the heart of the El Monte civic core, the property offers excellent street exposure with ground floor bank frontage and building signage. The property is anchored by JP Morgan Chase Bank, N.A. in 6,572 square feet, approximately 33% of the building, under a lease running through February 2031 with 2% annual escalations and a $5,000 monthly CAM contribution. The balance comprises ten office suites and three mailbox tenants, 100% leased to a diverse roster of legal, medical and professional users with contractual escalations of 3% to 5% annually. At 100% occupancy, the property delivers an in place NOl of $392,200 at a 5.45% cap rate on the $7,200,000 asking price, combining durable investment grade credit income through early 2031 with multi-tenant office cashflow. Originally constructed in 1962 and renovated in 2023, the building provides parking at 3.80 per 1,000 square feet across 73 surface spaces.