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
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