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$5,500,000

FOR SALEActive

281 E Workman

Covina CA 91723

20,784

SF

Office

Type

1962

Built

$265/SF

Cost/SF

18 days on marketNalren refreshed

Listing Agent

Albert Rodriguez

Listing Agent

DRE #: 01250095

(626) 255-4854

Brokerage: CENTURY 21 CITRUS REALTY INC

Location Analysis

MapProperty Location

About This Property

Century 21 Commercial, Citrus Realty is pleased to present, The Eastland Professional Building! A rare opportunity featuring 2 freestanding office buildings with 10,392SF+- each, totaling 20784SF+-. Located at 271 & 281 E. Workman Avenue in Covina. Situated on a huge lot of 1.1 acres (47,824)SF+- offering 71 parking spaces. The Building is located across the street from Eastland Shopping center offering excellent exposure from the shopping center. The property's proximity to the Eastland Shopping Center and surrounding area offers major convenience to Banks, retail, shopping and dining outlets like Target, Dick's Sporting Goods, Starbucks, IKEA, Sprouts Farmers Market, Fogo de Chao and many more. Currently generating $31,396+- in monthly income, this income-producing multi tenant commercial property offers low vacancy and investors an opportunity to acquire an established office asset. The building is located only 0.3 of a mile from the 10 freeway between the Barranca and Citrus offramps. The location offers potential appeal to a variety of professional office users and businesses seeking a presence in this well-established market. This is an opportunity to own a substantial commercial muti tenant office property with existing income, paid for Solar and long-term investment potential. Buyer to verify all property information, income, expenses, square footage, lot lines, zoning, and permitted uses to their satisfaction.

Property Information

Property Overview

Commercial - Office

Property Type

Active

Status

1.0979 acres

Lot Size

21

Total Units

20,784 SF

Square Footage

$264.63/SF

Price per SF

$68,750

Annual Tax

1,962

Year Built

2

Stories

71

Parking Total

3.42

Parking Ratio

Property Highlights

N/A Property

Prime Location with High Visibility

Location Analysis

Map

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