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11001 Main StEl Monte, CA 91731
Chase on Main
Asset ClassOffice
% Leased100%
Square Feet: 19,629Land: 0.88 Acres# Stories: 3Access Data Room
Chase Bank Anchored Three-Story Multi-Tenant Office Building
overview of deal

Overview

Lee & Associates Pasadena is pleased to present the opportunity to acquire Chase at Main, a ±19,629 rentable square foot, Chase Bank-anchored, multi-tenant commercial building located in Los Angeles County at 11001 Main Street in the city of El Monte, California. Prominently positioned on Main Street in the heart of the El Monte civic core, the property offers excellent street exposure with ground-floor bank frontage and building signage.

 

The property is anchored by JP Morgan Chase Bank, N.A. in 6,572 square feet, approximately 33% of the building, under a lease running through February 2031 with 2% annual escalations and a $5,000 monthly CAM contribution. The balance comprises ten office suites and three mailbox tenants, 100% leased to a diverse roster of legal, medical, and professional users with contractual escalations of 3% to 5% annually.

 

At 100% occupancy, the property delivers an in-place NOI of $392,200 at a 5.45% cap rate on the $7,200,000 asking price, combining durable investment-grade credit income through early 2031 with multi-tenant office cash flow. Originally constructed in 1962 and renovated in 2023, the building provides parking at 3.80 per 1,000 square feet across 73 surface spaces.

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Investment Highlights

  • Anchored by JP Morgan Chase Bank, N.A. (NYSE: JPM), the largest bank in the United States, occupying 6,572 SF (33% of GLA) through February 2031
  • Investment grade credit income: Chase lease carries 2% annual escalations plus a $5,000 monthly CAM contribution
  • 100% leased to a roster of ten office suites plus three mailbox tenants; no single office suite exceeds 13% of GLA
  • Contractual rent growth: office escalations of 3% to 5% annually across the rent roll
  • Diverse tenant base of legal, medical, chiropractic and professional service users
  • Built 1962, renovated 2023, with pride of ownership presentation
  • Parking at 3.80 per 1,000 SF with 73 surface spaces and covered options available
  • Main Street infill location in the El Monte civic core with Interstate 10 and Interstate 605 access
  • Rare San Gabriel Valley combination of credit anchored bank income and multi tenant office cash flow, ideal for 1031 exchange capital
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11001 Main StEl Monte, CA 91731
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