Updated Oct 29, 2024
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
About this deal
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.
On the Map
$43,000,000
$2,800/SF
Office
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Players
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