San Dimas BP LLC Sells 10.54 Acre Industrial Property For $41 Million In San Dimas

The property asset involved in this transaction is a 10.54-acre industrial site located at 410-490 West Arrow Highway in San Dimas, California. The asset, known as the San Dimas Commerce Center, comprises 19 buildings with a total area of 179,300 square feet. It was sold for a price of $41,000,000, which equates to $229 per square foot. The property is currently 90% occupied by over 70 tenants.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $41,000,000
• Square Footage: 179,300 SF
• Price Per Square Foot: $229
• Address: 410-490 West Arrow Highway, San Dimas, CA
• Market: San Dimas, CA
• Seller: San Dimas BP LLC
• Brokers: Dave Faris & Richard Schwartz - SRS Real Estate Partners

The transaction showcases the involvement of brokers Dave Faris and Richard Schwartz from SRS Real Estate Partners, who represented the seller, San Dimas BP LLC. This sale highlights the strong institutional demand for infill small-bay industrial assets in the competitive San Gabriel Valley market.