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Monterey Park Medical Plaza - 880 South Atlantic Avenue

Off-Market

880 South Atlantic Blvd, Monterey Park, CA 91754

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  • Property Type Office - Medical Office
  • Property Size 38,424 Sqft
  • Lot Size 1.96 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1989

Location

  • City Monterey Park, CA
  • Neighborhood Monterey Park
  • Zip Code 91754
  • 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 10 Sep, 2015
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Monterey Park

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
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Monterey Park Office Market

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

  • 2020 Avg. Asking Rent $28.49
  • 2020 Office Vacancy Rate 22.22%
  • 2020 Office Completions (Sqft)
View more Monterey Park market trends

Tax

  • Property Tax in 2021-2022 $184,614
  • Market Value $14,931,572
  • Assessed Value $14,931,572

Find more tax info, including assessment history and abatements, on CommercialEdge

Frequently Asked Questions

What is the total square footage of Monterey Park Medical Plaza - 880 South Atlantic Avenue?

Monterey Park Medical Plaza - 880 South Atlantic Avenue totals 38,424 square feet.

When was this property built?

Monterey Park Medical Plaza - 880 South Atlantic Avenue was built in 1989.

When was Monterey Park Medical Plaza - 880 South Atlantic Avenue last sold?

Monterey Park Medical Plaza - 880 South Atlantic Avenue was last sold on 10 Sep, 2015.

What is the property tax for Monterey Park Medical Plaza - 880 South Atlantic Avenue?

The property tax for Monterey Park Medical Plaza - 880 South Atlantic Avenue in 2021-2022 was $184,614.

What is the market value for Monterey Park Medical Plaza - 880 South Atlantic Avenue?

The market value for Monterey Park Medical Plaza - 880 South Atlantic Avenue in 2021-2022 was $14,931,572.

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