Focus Universal Acquires 100,743 sq ft Monterey Park Office for $17.7M
Focus Universal acquired a 100,743 sq ft Class A office building with adjacent parking at 901 Corporate Center Drive for $17.7 million, funded by an East West Bank term loan. The 99.2% occupied asset yields $3.1 million annually at a >10% cap rate with a $28.3 million assessment.
1. Acquisition of Monterey Park Property
Focus Universal closed on acquiring a five-level, 100,743 sq ft Class A office building with adjacent four-level parking structure and 10.73 acres at 901 Corporate Center Drive, Monterey Park, CA, for $17.7 million funded by a term loan from East West Bank.
2. Financial Benefits and Valuation
The company secured a $419,000 discount via rent prorations and reconciliations, yielding a cap rate above 10%, with the asset carrying a 2026 Los Angeles County assessed value of $28.3 million and generating over $257,000 monthly (approximately $3.1 million annually) in rental income.
3. Operational and Management Plans
The 99.2% occupied property hosts approximately 16 tenants under 5-to-8-year leases, will allocate 2,000 sq ft for Focus Universal’s headquarters, and has engaged Lee and Associates for ongoing management with Jamison Services assisting during a 30-day transition period.