Chase Partners Ltd. Acquires Office Building On S. Mayflower Ave For $18.5M
$18,500,000
SOLD
$18,500,000
California
See Similar DealsOffice83,703 SF
Sold 12/20/2018
$18,500,000
SOLD
Chase Partners Ltd. Acquires Office Building On S. Mayflower Ave For $18.5M
1333 South Mayflower Avenue, Monrovia, CA 91016, USA
See Similar DealsOffice83,703 SF
Sold 12/20/2018
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$221
Total Square Footage:83,703 SF
Transaction Type:Sale
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
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
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