07/29/2026
Lee & Associates Pasadena has closed the sale of Cameron Court, a 118,660 square foot office campus at 1501 to 1521 W. Cameron Ave. in West Covina. Rosemead Properties, Inc. bought the three building campus from Jamison Properties for $15,450,000 in an all cash deal, or about $130 per square foot.
Jamie Harrison, President and Founding Principal, and Christopher Larimore, Founding Principal, of Lee & Associates Pasadena represented the seller.
Cameron Court has 40 suites across its three buildings and was 74.7 percent leased at closing. That includes a 10,610 square foot lease signed during escrow. Vincent Molitor and Christopher Larimore of Lee & Associates Pasadena represented ownership in that negotiation.
The lease brings roughly $267,000 in annual base rent to the new owner and cuts available space to about 30,000 square feet. A rooftop solar system on the campus transferred to the buyer at closing.
“Cameron Court gave the buyer something you do not see often in this submarket, a stabilized rent roll with real occupancy upside and a large block of contiguous space that leased while we were still in escrow,” said Harrison. “Getting it signed before we closed took a meaningful piece of risk off the table and confirmed the rent assumptions in our underwriting.”
New Class B office supply in the San Gabriel Valley has been limited, and several older buildings have come out of inventory through residential conversion. Cameron Court offers surface parking, a tenant roster that includes medical, social services and professional users, and quick access to the 10 Freeway.
“Demand for well located Class B office in the San Gabriel Valley is steady, especially from medical and social services tenants looking for suites between 1,000 and 10,000 square feet,” said Larimore. “Supply in that range keeps shrinking as older product comes offline, and buyers have noticed.”
About 30,000 square feet remains available at Cameron Court, and Vincent Molitor and Christopher Larimore of Lee & Associates Pasadena are marketing the space on behalf of the new ownership. Lee & Associates Pasadena Management has taken over property management of the campus for the new owner.
