Regent Plaza 1411 S Garfield Ave 26,926 sq ft 85% Let 4-Star Office Property Alhambra, CA 91801 £18,559,250 (£689.27/sq ft) 4.42% Net Initial Yield

Discover an unparalleled mixed-use trophy investment with a prime location in the Alhambra suburb of Los Angeles at 1411 S Garfield Avenue, Regent Plaza. Offering a total of 29,964 square feet of contemporary space originally built in 2015, the property is approximately 93% occupied by a reputable tenant mix, anchored by Quest Diagnostics, UCLA Health, Happy Lemon, and the California State Assembly. This supplies robust and dependable income for a new owner, with value-add potential to fill the remaining vacancies and bring the property to its optimal performance.

Regent Plaza is a remarkable property that perfectly meets the needs of the modern business landscape. The building is attractive for commuters, sitting less than a half-mile from the 10 Freeway, with immediate access to local bus lines, and delivers simplified access with an on-site garage providing covered parking for 132 vehicles. Tenants are greeted by the building’s bright, upscale lobby, and can utilize two high-speed, gurney-sized, passenger elevators to easily reach their workspace. The interiors are defined by large windows which fill suites with rich natural lighting, as well as anti-scratch plank flooring, built-in cabinetry, and a flexible mix of private and collaborative office spaces. Ground-floor retail suites at the property are enhanced by full glass storefronts, prominent signage, and visibility to Garfield Avenue, with over 35,000 vehicles passing by each day. Office tenants also benefit from heightened brand exposure, with pronounced monument signage at the property’s entryway.

Convenient proximity to quality urban amenities enhances appeal for tenants of Regent Plaza, sitting within walking distance of the bustling Valley Boulevard retail corridor. The surrounding area is home to a wealth of popular local restaurants, national retail brands, and fantastic recreation opportunities at Almanor Park and the Alhambra Golf Course. Supporting Regent Plaza as the perfect choice for healthcare businesses, the property sits less than half a mile from both the Allied Pacific IPA emergency room and the 210-bed Garfield Medical Center.

Alhambra provides a best-in-class investment destination, propelled by a strong demographic profile and significant performance in the local retail and office submarkets. Currently, office vacancies in the local submarket sit at just 6.7%, while retail availabilities are even further constrained at 4.7%. This limited inventory drives outsized demand for properties like Regent Plaza, driving office rents to climb 10% since 2020, while retail rents grew an impressive 11.9% during the same period. Within 3 miles of the facility, Alhambra boasts a growing population of more than 257,000, with an average household income of more than $100,000. Residents in the area produce a daytime workforce of more than 105,000, and more than 32% carry a bachelor’s degree or higher. This presents a stable talent pipeline that facilitates growth for the more than 11,700 businesses in the area, drawing a steady stream of new potential tenants for Regent Plaza.

Combining stable retail tenancy, strong visibility, multi-use appeal, and high-income demographics in the heart of Alhambra, Regent Plaza is the perfect acquisition for investors seeking a foothold or expansion in this lucrative market.