Boyd Watterson Acquires Fully Occupied Office Building In San Dimas For $26M
936 Overland Ct San Dimas, CA 91773, USA
$26,000,000
$329/SF
Building Size
79,036 SF
Asset Type
Office
Closing
May 22, 2023
AI
A fully occupied 79,036-square-foot R&D/flex building in San Dimas has been sold to San Dimas CA LLC for $26,000,000. The property, located at 936-960 Overland Court, sits on 4.25 acres of land in the high-demand San Gabriel Valley market. The sale price equates to $329 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $26,000,000
- Address: 936-960 Overland Court, San Dimas
- Market: San Gabriel Valley
- Acres: 4.25
Todd Tydlaska, Mike Longo, Melissa May Moock, Sean Sullivan, Mark Shaffer, Anthony DeLorenzo, Gerard Poutier, Bryan Johnson, and Nick Williams of CBRE facilitated the sale. The property, which serves as a mission-critical location for Collins Aerospace, attracted competitive bidding in the San Gabriel Valley market.
Players
Los Angeles 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93