Menlo Equities Acquires Office Building In San Dimas, CA For $43M
SOLD
$43,000,000
California
See Similar DealsOffice15,352 SF
Sold 08/27/2020
SOLD
Menlo Equities Acquires Office Building In San Dimas, CA For $43M
936 Overland Court, San Dimas, CA, USA
See Similar DealsOffice15,352 SF
Sold 08/27/2020
Summary
CALIFORNIA
Asset Type:Office
Price Per Square Foot:$2,800
Total Square Footage:15,352 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,293,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$152,769.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$203,841.94
Annual Debt Service$2,446,103.25
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