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Unpriced
Asking Price (Sale)
331,342 SF
Square Feet
67%
Occupancy
-
Built
4.13/1,000 SF
Parking Ratio
9.49 acres
Acres
Description
OFFERS DUE: THURSDAY, OCTOBER 2ND
Lender-Facilitated Sale | Colliers, as exclusive advisor, is pleased to present the leasehold interest in Cerritos Corporate Center, a 331,342-square-foot, two-building Class A office campus in the heart of the Cerritos Towne Center master-planned development. The Property is 67% leased and presents a value-add opportunity for investors to acquire two of the newest Class A office buildings in the submarket at a reset basis.
Strategically situated within the 125-acre Cerritos Towne Center, the Property benefits from exceptional regional accessibility via I-5, I-605, and SR-91, and proximity to key civic and commercial anchors including City Hall, the Cerritos Millennium Library, the 203-key Sheraton Hotel, and over 600,000 square feet of open-air retail with 14 restaurants.
The Property is anchored by eight tenants, including AT&T (BBB+) and Carelon Health (A-, via parent Elevance Health), with 78% of the rent roll attributable to credit-rated tenancy. In the Mid-Cities submarket, vacancy among post-1998 office product is just 2.7%, and the City of Cerritos has maintained sub-6% vacancy over the past four years, supported by strong tenant demand and a complete absence of new office development since 2019.
Cerritos Corporate Center has been institutionally owned and professionally managed since its original development, reflecting long-term capital stewardship and best-in-class operational quality. With pricing positioned at a meaningful discount to replacement cost, the offering represents a compelling opportunity to acquire durable in-place income within a premier master-planned environment, supported by long-term public investment, exceptional regional access, and enduring demand drivers.
Lender-Facilitated Sale | Colliers, as exclusive advisor, is pleased to present the leasehold interest in Cerritos Corporate Center, a 331,342-square-foot, two-building Class A office campus in the heart of the Cerritos Towne Center master-planned development. The Property is 67% leased and presents a value-add opportunity for investors to acquire two of the newest Class A office buildings in the submarket at a reset basis.
Strategically situated within the 125-acre Cerritos Towne Center, the Property benefits from exceptional regional accessibility via I-5, I-605, and SR-91, and proximity to key civic and commercial anchors including City Hall, the Cerritos Millennium Library, the 203-key Sheraton Hotel, and over 600,000 square feet of open-air retail with 14 restaurants.
The Property is anchored by eight tenants, including AT&T (BBB+) and Carelon Health (A-, via parent Elevance Health), with 78% of the rent roll attributable to credit-rated tenancy. In the Mid-Cities submarket, vacancy among post-1998 office product is just 2.7%, and the City of Cerritos has maintained sub-6% vacancy over the past four years, supported by strong tenant demand and a complete absence of new office development since 2019.
Cerritos Corporate Center has been institutionally owned and professionally managed since its original development, reflecting long-term capital stewardship and best-in-class operational quality. With pricing positioned at a meaningful discount to replacement cost, the offering represents a compelling opportunity to acquire durable in-place income within a premier master-planned environment, supported by long-term public investment, exceptional regional access, and enduring demand drivers.
Offering Summary
Asking PriceUnpriced
Property TypeOffice
Size331,342 SF
Occupancy67%
Built2001
Parking4.13/1,000 SF
Sale Details
Market Rents0
Documents
Property Address
Property Details
Property TypeOffice
Square Feet331,342 SF
Year Built2001
Load Factor.00%
Year Renovated0
Parking Ratio4.13/1,000 SF
ZoningADP-2 – Cerritos Towne Center F (City of Cerritos)
APN7030-011-011
