Arrow SD LLC Acquires Business Park In San Dimas From Birtcher Anderson Davis & Associates
210 West Arrow Highway, 260 West Arrow Highway & 440 South Cataract Avenue
$9,230,000
$69/SF
Building Size
132,375 SF
Asset Type
Industrial
Closing
Jun 25, 2024
AI
The $9.23 million sale of Arrow Pines Business Park, a 44,125-square-foot industrial complex located at 210, 260 West Arrow Highway & 440 South Cataract Avenue in San Dimas, Calif., was recently facilitated by CBRE. The property was acquired by Arrow SD LLC in a transaction that highlights the strong demand for small bay multi-tenant industrial properties in Southern California.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,230,000
- Market: San Dimas
- Acres: 3.17
- Buyer: Arrow SD LLC
- Seller: Birtcher Anderson Davis & Associates; Belay Investment Group
- Brokers: Anthony DeLorenzo, Barbara Perrier, Dylan Rutigliano, Eric Cox, Gerard Poutier & Mark Shaffer - CBRE
- SF: 44,125
- PPSF: $209
The deal was led by CBRE Investment Properties and National Partners, showcasing the growing interest from investors looking to diversify their portfolios with industrial properties. Anthony DeLorenzo, Barbara Perrier, Dylan Rutigliano, Eric Cox, Gerard Poutier, and Mark Shaffer of CBRE played crucial roles in facilitating this transaction, which marks a significant investment in the San Dimas market.
Players
San Dimas Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93