StockWatch
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Industrial Machinery/Components
AcquisitionsOct 30, 2026, 04:01 PM

Focus Universal Acquires 901 Corporate Center Drive for $17.7M

AI Summary

Focus Universal Inc. announced the completed acquisition of 901 Corporate Center Drive, a 100,743 sq. ft. Class A office building, for $17.7 million. The property, located in Monterey Park, CA, was 99.2% occupied by 16 tenants and generated over $3.1 million in annual rents in 2025. The acquisition was funded by a term loan from East West Bank, and the company plans to use a portion of the space as its corporate headquarters. The company also highlighted the property's assessed value of $28.3 million, significantly above the purchase price.

Key Highlights

  • Focus Universal Inc. acquired 901 Corporate Center Drive for $17.7 million.
  • The acquired property is a 100,743 sq. ft. Class A office building with a 4.1/1,000 parking ratio.
  • The property was 99.2% occupied by 16 tenants at the time of acquisition.
  • The acquisition was funded by a term loan from East West Bank.
  • The property generated over $3.1 million in annual rents in 2025.
  • The building has a Los Angeles County Assessor assessed value of $28.3 million in 2026.