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601 Arrow Hwy, San Dimas, C...

LEASED

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

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.

Players

John Kim

Broker

1 deal

Broker
PF
Planet FitnessTenant

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