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1055 Park View Drive
Covina, CA 1724

Price: $3,975,000 Zoning: CVE5&PCD
Bldg SF: 16,143 SF Price/SF: $246
Land SF: 33,851 SF Price/SF (Land): $117
Year Built: 1987 Property Type: Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Price: 1055 Park View Dr, Covina, CA 91724
Bldg SF: 16,143 SF
Land SF: 33,851 SF
Year Built: 1987
Price/SF: $7246
Property Type: Office
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Strong Immediate Demographics

 

  • Average household income of over $112,000 within a one-mile radius

 

  • Over 400,000 people within a five-mile radius

 

  • Strong local economy spread over a multitude of diverse sectors

 

Ideal Owner-User or Investment Opportunity

 

  • Flexibility in leases allow an Owner-User Buyer to occupy a portion or all of the building

 

  • Owner-User can occupy a portion of the building and generate income from the remaining tenants

 

  • Strong tenant mix exemplifies strong operating history

 

  • Excellent parking creates the potential opportunity to convert a portion of the building to medical use

 

Premier Office Building in Highly Desirable Submarket

 

  • High end upgrades capture tenants and visitors

 

  • Breathtaking views from top floor office suites

 

  • Architecturally pleasing building with beautiful glass interior features, hardscape, and upgraded lobby

 

  • Private parking lot with 52 surface spaces available

 

  • Upgraded offices with new tile floors, large conference room, and extensive woodwork

 

Excellent Covina Location

 

  • Ideally located in the main office district of Covina which is home to national companies and a host of corporate headquarters and large commercial offices

 

  • Close proximity to The Marriott, Regency Grand Hotel, high-end retailers and a wide variety of restaurants

 

  • Less than 10 minute drive to Cal Poly Pomona University

 

  • Directly located off the Interstate I-10 Freeway which is the southernmost cross-country interstate highway in America, stretching from the California Pacific Coast to Jacksonville, Florida

 

  • Amenity rich location within walking distance to multiple restaurants and retail shops