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1333 South Mayflower Avenue...

SOLDOffice

Chase Partners Ltd. Acquires Office Building On S. Mayflower Ave For $18.5M

1333 South Mayflower Avenue, Monrovia, CA 91016, USA

$18,500,000

$221/SF

Building Size

83,703 SF

Asset Type

Office

Closing

Dec 19, 2018

AI

An office building located at 1333 S. Mayflower Ave has recently been sold for a price of $18,500,000. The property spans a total area of 83,703 square feet and has a price per square foot of $221. The transaction took place on December 20, 2018. The buyer of the property is Chase Partners Ltd., while the seller is The Kare Foundation.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: $18,500,000
  • Address: 1333 S. Mayflower Ave
  • Square Footage: 83,703
  • Price Per Square Foot: $221
  • Date: December 20, 2018

The deal was facilitated by NAI Capital, with Scott Martin and John Martin representing both the buyer and the seller in the transaction.

Players

John Martin

Broker

$145.8M

vol

4 deals

Broker
Chase Partners Ltd.
Chase Partners Ltd.Buyer

Monrovia Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.86%

Cash-on-Cash

-0.25%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93