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936 Overland Court, San Dim...

Menlo Equities Acquires Office Building In San Dimas, CA For $43M
SOLDOffice

Menlo Equities Acquires Office Building In San Dimas, CA For $43M

936 Overland Court, San Dimas, CA, USA

$43,000,000

$2,800/SF

Building Size

15,352 SF

Asset Type

Office

Closing

Aug 26, 2020

AI

The office property located at 924-936 Overland Court in San Dimas has been sold in a transaction closed on August 27, 2020. The property, with a total square footage of 177,000, was sold for a price of $43,000,000. This translates to a price per square foot of $242.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $43,000,000
  • Address: 924-936 Overland Court, San Dimas
  • Market: San Dimas

The buyer in this transaction is Menlo Equities, represented by Rick Holmstrom. The seller is Walton Street Capital, represented by Eric Mogentale of Stillwater Investment Group.

Players

Darin Beebower

Kidder Mathews

Broker

$137.7M

vol

15 deals

Broker

Rick Holmstrom

Menlo Equities

Buyer

$228.5M

vol

3 deals

Buyer

San Dimas 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

0.37%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93