Description

103 N Garfield Avenue offers a unique opportunity to acquire a fully occupied medical and professional office building in the heart of Alhambra’s Central Business District, one of the San Gabriel Valley’s most established commercial markets. Encompassing approximately 11,224 square feet, the multi-tenant property benefits from excellent street visibility, strong traffic counts, and a strategic location surrounded by popular restaurants, retail destinations, and entertainment venues, including a major movie theater directly across the street. The building is currently 100% occupied, providing investors with stable in-place cash flow while also presenting a compelling value-add opportunity through the repositioning of below-market rental rates and enhanced expense recoveries under the existing modified gross lease structure. With an estimated current net operating income of approximately $180,000 and a projected stabilized NOI exceeding $275,000, the property offers significant upside potential through lease renewals and mark-to-market rent adjustments. Additional investment appeal stems from lease rollover opportunities that can support long-term revenue growth, while recent capital improvements, including parking lot enhancements, help reduce near-term maintenance requirements. Supported by strong demand for medical and professional office space within the submarket, 103 N Garfield Avenue combines dependable occupancy, income growth potential, and a prime location in a highly desirable business district, making it an attractive acquisition for investors seeking both stable returns and future value creation.