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6/13/25
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A local owner-user paid $6.025 mil for a 21.2k sf ($284/sf) office property in La Palma. The asset, located at 22 Centerpointe Dr, just west of Valley View St, was sold by an institutional joint venture.
The low-rise office building is situated on a 1.48-acre lot within a campus environment. Located just off the SR-91 Fwy, the property offers convenient access to the I-5 and I-605 freeways, providing excellent connectivity to both Los Angeles and Orange counties.
CBRE’s Anthony DeLorenzo, Sammy Cemo, Bryan Johnson and Harry Su represented the seller in the transaction.
“This transaction reflects the continued demand for well-located, low-rise office assets with strong fundamentals and upside potential,” said DeLorenzo. “The property’s strategic location, in-place cash flow, and flexible configuration made it an attractive purchase for the buyer.”
According to CBRE Research, low-rise office buildings had a 10.2% total vacancy rate, outperforming mid- and high-rise assets in both vacancy and rent growth.
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