12800 Center Court Drive

Property Type Office - General Office
Property Size 104,000 SF
Lot Size 3.48 Acre
Parking Spaces Avail. 416
Parking Ratio 4.00/ 1,000 SF
Property Tenancy Multi-Tenant
Building Class A
Year Built 2008

Location

Map
Street

City Cerritos, CA
Neighborhood Cerritos
Zip Code 90703
Market Los Angeles

Contacts

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Owner

True Owner
Registered Owner

Tenants

Suite Name	Tenant	Leased Space	Rent Price	Lease Type	Space Type	Lease Term
370 17th Street #5500	MERRILL, (303) 446-5500	23,824 SF	$23/SF/YR	Modified Gross	General Office	11/01/2014- N/A
370 17th Street #6000	Morrison & Foerster, (303) 592-1500	10,710 SF	$26/SF/YR	Full Service	General Office	08/01/2013- 07/31/2023

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Documents

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Sales

Purchase Date 26 Jul, 2018
Purchase Price
Arm's Length True
Buyer Name

Mortgages

Current Lender
Loan Amount
Loan Origination Date

Market Trends

Average Actual Rents in Cerritos

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent

Net Rent

$44.3/SF/YR

Recoverables Show detailsHide details

$16.7/SF/YR

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Occupancy & Leasing Activity

Occupancy

83.5%

Lease Spread

-20.5%

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Asking Rents in Cerritos Office Market

Office rental rates are based on aggregated data of asking rates.

2020 Avg. Asking Rent $30.64
2020 Office Vacancy Rate 10.59%
2020 Office Completions (SF)

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Tax

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Frequently Asked Questions

What is the total square footage of 12800 Center Court Drive?

12800 Center Court Drive totals 104,000 square feet.

When was this property built?

12800 Center Court Drive was built in 2008.

When was 12800 Center Court Drive last sold?

12800 Center Court Drive was last sold on 26 Jul, 2018.

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12800 Center Court Drive, Cerritos, CA 90703 - Office Space

12800 Center Court Drive is located at 12800 Center Court Drive South in the Cerritos neighborhood, CA, Cerritos, 90703. The Class A Office building was completed in 2008 and features a total of 104,000 SF.

There are 28 office spaces for lease in the Cerritos neighborhood, totaling 116,959 SF of available office space. The office space availability for the 90703 zip code is 116,959 SF, in 28 office spaces. The average asking office rent per SF in Cerritos is $16.97/SF/YR. For Class B office buildings the average office rate is $16.97/SF/YR.

In Cerritos, there are 3 class A office buildings. In Cerritos, there are a total of 4 LEED certified office buildings. In 2008, the same year 12800 Center Court Drive was built, 12 more commercial properties (office, industrial, retail) over 50,000 square feet were built in Cerritos, featuring 282,454 square feet of commercial space. At zip code level, there are 122 commercial properties, of which 13 are office buildings over 50,000 square feet.