Monterey Park Class A Office Building Sold for $17.7 Million by Lee & Associates Pasadena
Lee & Associates Pasadena Completes $17.7 Million Sale of Institutional Class A Office Asset in Monterey Park, California
901 Corporate Center Drive — a 100,743 SF, 99.2% occupied, government-anchored office building, acquired by Focus Universal, Inc. as future corporate headquarters; financing provided by East West Bank.
MONTEREY PARK, CALIFORNIA — April 17, 2026 (Close of Escrow)
Lee & Associates Pasadena Commercial Real Estate has completed the sale of 901 Corporate Center Drive, an institutional-quality Class A office building located in Monterey Park, California, on behalf of private seller Jamison Services. The asset traded for $17,700,000, or $175.69 per square foot. Jamie Harrison and Christopher Larimore, Founding Principals of Lee & Associates Pasadena, exclusively represented the buyer and seller in the transaction. The buyer, Focus Universal, Inc. (Nasdaq: FCUV), acquired the property to serve as its future corporate headquarters. Acquisition financing was arranged through East West Bank.
ASSET OVERVIEW
901 Corporate Center is a five-story, steel-frame office building situated on approximately 10.73 acres across four legal parcels within the prestigious 110-acre Los Angeles Corporate Center, a master-planned business campus. This is the premier 1.1 million-square-foot office campus located just off the 710 freeway in Monterey Park, offering high-image, highly efficient facilities in an easily accessible location near downtown Los Angeles and Pasadena-adjacent.
Property Highlights:
- Property Address: 901 Corporate Center Drive, Monterey Park, CA 91754
- Rentable Area: 100,743 square feet
- Land Area: Approximately 10.73 acres (four parcels)
- Sale Price: $17,700,000 ($175.69 PSF)
- Occupancy at Close: 99.2%
- Annual Net Operating Income (NOI): Approximately $1.68 million
- Weighted Average Lease Term (WALT): Approximately 3.65 years
- Parking Ratio: 4.10 spaces per 1,000 SF
- Close of Escrow: April 17, 2026
- Acquisition Financing: East West Bank
- Seller: Jamison Services, Inc.
- Buyer: Focus Universal, Inc. (Nasdaq: FCUV)
TENANCY AND CREDIT QUALITY
At the time of sale, the property was 99.2% occupied. In addition, the tenant roster included a diverse mix of credit-quality occupants, such as the County of Los Angeles, the State of California, and the United States General Services Administration (GSA), as well as established private-sector users. The concentration of government tenancy provides durable, recession-resistant cash flow and materially reduces credit risk, a profile that distinguishes this asset within the broader Los Angeles office market.
STRATEGIC LOCATION AND ACCESSIBILITY
Positioned on an elevated hilltop approximately six miles east of Downtown Los Angeles, 901 Corporate Center Drive offers prominent freeway visibility. The property provides direct access to Interstates 710, 10, and 5, as well as State Route 60, all within approximately 2.5 miles. The property’s central location within the Los Angeles Basin provides superior regional connectivity for employees, clients, and government agency personnel.
Proximate institutional amenities include East Los Angeles College, California State University Los Angeles, Garfield Medical Center, and Monterey Park Hospital, reinforcing the submarket’s long-term employment base and supporting sustained office demand.
TRANSACTION COMMENTARY
“We worked diligently to position this property within a challenging office market and identified a local buyer with the vision and financial strength to execute the acquisition and realize the asset’s full long-term potential.” — Christopher Larimore
“Today’s office market demands discipline. This asset’s government tenancy, high occupancy level, and sticky tenant base told a fundamentally different story than the broader market narrative.” — Jamie Harrison
MARKET CONTEXT
The Los Angeles office market has experienced meaningful headwinds in recent years, characterized by elevated borrowing costs and evolving workplace utilization patterns. Institutional-grade buildings with strong occupancy, investment-grade tenancy, and owner-user optionality continue to attract disciplined capital.
The sale of 901 Corporate Center Drive underscores robust flight-to-quality demand for well-located Class A product offering stable cash flow and a credible value proposition relative to replacement cost. The transaction reflects the expanding universe of corporate buyers actively pursuing ownership to secure headquarters facilities, control occupancy expenses, and build balance-sheet equity.
SUBMARKET OVERVIEW
Monterey Park is a strategically situated municipality in the western San Gabriel Valley with approximately 59,441 residents and a commercial base of more than 2,500 businesses. The city serves as a regional hub for government services, healthcare, education, and professional services, benefiting from direct connectivity to one of the most densely populated employment corridors in Southern California.
Major institutional employers anchoring the submarket include the County of Los Angeles (multiple agencies), East Los Angeles College, Garfield Medical Center, Monterey Park Hospital, and Southern California Gas Company — providing a stable, diversified employment foundation supporting long-term demand for quality office product.
TRANSACTION REPRESENTATION
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| Jamie Harrison President, Founding Principal (626) 240-2784 [email protected] |
Christopher Larimore Founding Principal (626) 240-2788 [email protected] |
ABOUT LEE & ASSOCIATES PASADENA
Lee & Associates is a full-service commercial real estate company headquartered in Pasadena, CA. Our client-focused brokers specialize in office, retail, tenant advisory, multifamily, and investment sales. As the fastest-growing broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients’ real estate needs in the local, national and international markets. For more information, Follow Us!
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Transaction FAQ
Who sold 901 Corporate Center Drive in Monterey Park?
Christopher Larimore and Jamie Harrison of Lee & Associates Pasadena represented the seller in the transaction.
What was the sale price of 901 Corporate Center Drive?
The property sold for $17,700,000, or $175.69 per square foot.
Who purchased the property?
Focus Universal, Inc. acquired the building for use as its corporate headquarters.
What type of property was sold?
The asset is a 100,743-square-foot institutional Class A office building.
Why was the property attractive to the buyer?
The building offered freeway visibility, abundant parking, institutional-quality construction, 24-hour security, and a central Los Angeles location.
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