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Metro Properties Sells Plaza Diamond Bar To Local Investors For $12.2M

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SOLD
$12,200,000

California

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Office66,000 SF
Sold 01/23/2024
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SOLD

Metro Properties Sells Plaza Diamond Bar To Local Investors For $12.2M

2040 Brea Canyon Road & 2020 Brea Canyon Road

See Similar Deals
Office66,000 SF
Sold 01/23/2024
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Summary

CALIFORNIA
Asset Type:Office
Price Per Square Foot:$184
Total Square Footage:66,000 SF
Transaction Type:Sale

The Plaza Diamond Bar, located in Diamond Bar, has been sold in two separate transactions. The off-market sale, arranged by Anchor Point Capital, involved a 25,000-square-foot office building and an 8,000-square-foot retail building. The office building was sold for all cash, while the retail building was structured with creative seller financing. The total sale price for both properties was $12.2 million, with the office building representing a larger portion of the transaction.

Summary of transaction details

  • Property Type: Office & Retail
  • Transaction Amount: $12,200,000
  • Square Footage: 33,000
  • Price per Square Foot: $370
  • Address: 2040 Brea Canyon Road & 2020 Brea Canyon Road, Diamond Bar
  • Market: Diamond Bar

Eric Vu from Anchor Point Capital represented the seller, Metro Properties, LLC, in this transaction. The Plaza Diamond Bar was acquired by local private investors, demonstrating the interest and confidence in the Diamond Bar market for both office and retail properties.

Players

Eric Vu
3 deals$46M volume
BROKER

Details

SOLD
IMAGE: Eric Vu DATE: 01/23/2024 ADDRESS: 2040 Brea Canyon Road & 2020 Brea Canyon Road MARKET: Diamond Bar ASSET TYPE: Office & Retail SELLER: Metro Properties, LLC BROKER: Eric Vu - Anchor Point Capital SALE PRICE: $12,200,000 SF: 33,000 ~ PPSF: $370 NOTE: Anchor Point Capital arranged the $12.2 million off-market sale of Plaza Diamond Bar, comprising a 25,000-square-foot office building and an 8,000-square-foot retail building. Both properties, located in Diamond Bar, were sold to local private investors in separate transactions, with the office building selling for all cash and the retail building structured with creative seller financing.

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