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.

Deal Team