Updated Oct 29, 2024
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
About this deal
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.
On the Map
$18,500,000
$221/SF
Office
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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