Updated Oct 29, 2024
Planet Fitness Leases 18561 Square Feet At 601 Arrow Hwy San Dimas Represented By Lauren Dressler And John Kim
601 Arrow Hwy, San Dimas, CA, 91773
Building Size
18,561 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property involved in the transaction is located at 601 Arrow Hwy, San Dimas, CA, 91773. It has a total square footage of 18,561 and is part of the San Dimas market. The landlord for this lease is Meiloon Investment & Development LLC, while the tenant is Planet Fitness.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 601 Arrow Hwy, San Dimas, CA, 91773
- Market: San Dimas
- Square Feet: 18,561
- Tenant: Planet Fitness
- Landlord: Meiloon Investment & Development LLC
- Tenant's Representative: Lauren Dressler (Oak Place Partners)
- Landlord's Representative: John Kim (Inc)
The deal features key individuals including Lauren Dressler representing Planet Fitness and John Kim representing Meiloon Investment & Development LLC. Their involvement facilitated the transaction, aligning the interests of both the tenant and the landlord.
On the Map
Players
San Dimas CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93