HRC Real Estate LLC acquired an industrial facility situated at 975 North Overland Court in San Dimas for a total of $30.5 million, equating to $273 per square foot. The property spans 111,640 square feet and is located in the San Gabriel Valley, which is experiencing a low vacancy rate of 3%, strong absorption, and limited new construction opportunities.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $30,500,000
• Address: 975 North Overland Court
• Market: San Dimas
• Square Footage: 111,640
• Price Per Square Foot: $273
• Buyer: HRC Real Estate LLC
• Seller: Robert D. Shipp - RDS Investments

The transaction involved HRC Real Estate LLC as the buyer, acquiring the property from Robert D. Shipp, who represents RDS Investments. The deal showcases HRC Real Estate's strategic investment in an area known for its tight industrial market, aiming for potential rent growth and long-term performance.