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Kenneth Chang Leases Office Space To Caltrans At Pathfinder Business Park In Diamond Bar

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LEASED
$35

California

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Office6,448 SF
Leased 07/15/2025
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Property Image
LEASED

Kenneth Chang Leases Office Space To Caltrans At Pathfinder Business Park In Diamond Bar

21073 Pathfinder Road

See Similar Deals
Office6,448 SF
Leased 07/15/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$35
Total Square Footage:6,448 SF
Transaction Type:Lease

The asset involved in the transaction is an office property located at 21073 Pathfinder Road in Diamond Bar. The lease covers a total of 6,448 rentable square feet at an asking rent of $35 per square foot. This lease falls under a full-service gross structure and has a term of 9 years.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $35/ft
  • Lease Term: 9 years
  • Lease Type: Full Service Gross
  • Landlord: Kenneth Chang
  • Tenant: Caltrans
  • Landlord's Representative: Jamie H. Kim, CCIM - The Phronesis Group

The successful lease includes two office suites at Pathfinder Business Park. The transaction was characterized by several interested prospects, but the final decision was influenced by the property's prime location, secured parking, and tailored tenant improvements. Jamie H. Kim, CCIM, and The Phronesis Group have previously completed multiple lease transactions with the State of California, highlighting their established relationship and the stability provided by such tenancies.

Players

Jamie H Kim, CCIM
The Phronesis Group
Jamie H Kim, CCIM
4 deals$12.5M volume(714) 329-5650
BROKER
The Phronesis Group
The Phronesis Group
BROKERAGE

Details

LEASED
IMAGE: Jamie H. Kim, CCIM DATE: 07/15/2025 ADDRESS: 21073 Pathfinder Road MARKET: Diamond Bar ASSET TYPE: Office LANDLORD: Kenneth Chang TENANT: Caltrans LANDLORD'S REP: Jamie H. Kim CCIM (@ThePhronesisGroup) - The Phronesis Group ASKING RENT: $35/ft ~ SF: 6,448 LEASE TERM: 9 LEASE TYPE: Full Service Gross NOTE FROM LANDLORD'S REP: Deal Closed at Pathfinder Business Park! We’re excited to announce the successful lease of two office suites at Pathfinder Business Park, for a combined ±6,448 rentable square feet. While we had interest from various credit tenant prospects, the winning combination of prime location, secured parking, and tailored tenant improvements sealed the deal. We’ve had the pleasure of completing several lease transactions with the State of California over the years, and we truly value the stability and longevity their tenancies bring to our portfolio. Please join us in welcoming Caltrans to Pathfinder Business Park for an above-market, long-term office lease. We look forward to building an enduring relationship in the years ahead.

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Deal Type
Effective Rent (Annual)

$261,673.59

Total Lease Value

$2,616,735.92

Net Landlord Cash Flow$261,673.59