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8891 Watson St 10,532 SF 100% Leased Office Building Cypress, CA 90630 $3,818,984 CAD ($362.61 CAD/SF) 5.81% Cap Rate

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Investment Highlights

  • Value-Add Opportunity – Majority of existing leases are currently below market, providing potential to increase cash flow through rental adjustments
  • Recent Capital Improvements – The property has recently undergone roof replacement, HVAC upgrades, and window improvements, reducing near-term cap-ex
  • Corner Lot Location – Provides strong visibility, access, and operational efficiency for tenants.
  • Owner-User Potential
  • Functional Industrial Layout – Multi-tenant configuration with separate utilities and flexible suite sizes.
  • Contractor-Friendly Features – Includes a fenced yard area, a valuable amenity in industrial properties.

Executive Summary

This offering presents a rare opportunity to acquire a ±10,050 SF multi-tenant industrial/commercial property situated on a ±19,602 SF corner parcel in the highly desirable Cypress industrial market. The property offers excellent access, visibility, and functionality, with approximately 20 on-site parking spaces and significant yard area, making it well-suited for a variety of industrial and service-oriented uses. The building is currently 100% occupied and features individually metered electrical service for each tenant, providing operational efficiency and ease of management. The property includes a large ±5,350 SF flex suite, consisting of approximately ±4,000 SF of cold storage space. One of the suites could be delivered vacant, creating a rare owner-user or expansion opportunity. The property also benefits from a secured, fenced contractor yard, ideal for storage, logistics, or contractor-related operations. Majority of existing leases are currently below market, providing potential to increase cash flow through rental adjustments over time. The property has recently undergone roof replacement, HVAC upgrades, and window improvements, reducing near-term capital expenditure. Multi-tenant configuration with separate utilities and flexible suite sizes. Provides strong visibility, access, and operational efficiency for tenants. This offering represents a compelling opportunity for both investors seeking a stabilized asset with upside potential and owner-users looking for a strategically located facility with income in place.

Financial Summary (Actual - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $291,438 $27.67
Other Income - -
Vacancy Loss - -
Effective Gross Income $291,438 $27.67
Taxes - -
Operating Expenses - -
Total Expenses $69,476 $6.60
Net Operating Income $221,962 $21.08

Financial Summary (Actual - 2026)

Gross Rental Income (CAD)
Annual $291,438
Annual Per SF $27.67
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $291,438
Annual Per SF $27.67
Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $69,476
Annual Per SF $6.60
Net Operating Income (CAD)
Annual $221,962
Annual Per SF $21.08

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Office
Building Size
10,532 SF
Building Class
B
Year Built
1986
Price
$3,818,984 CAD
Price Per SF
$362.61 CAD
Cap Rate
5.81%
NOI
$221,962 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
5,266 SF
Building FAR
0.54
Lot Size
0.45 AC
Zoning
ML, Cypress - Commercial/Industrial Warehouse
Parking
25 Spaces (2.37 Spaces per 1,000 SF Leased)

Amenities

  • Fenced Lot
  • Storage Space
  • Air Conditioning
Walk Score®
Very Walkable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
262-412-05
Land Assessment
$762,447 CAD (2025)
Improvements Assessment
$1,343,928 CAD (2025)
Total Assessment
$2,106,375 CAD (2025)
  • Listing ID: 38559473

  • Date on Market: 2025-11-24

  • Last Updated:

  • Address: 8891 Watson St, Cypress, CA 90630

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