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955 Overland Ct, San Dimas,...

HCT Logistics Co Purchases Property At 955 Overland Ct, San Dimas For $19.9M
SOLDOffice

HCT Logistics Co Purchases Property At 955 Overland Ct, San Dimas For $19.9M

955 Overland Ct, San Dimas, CA, 91773

$19,900,000

Building Size

Asset Type

Office

Closing

Sep 19, 2019

AI

The property asset involved in the transaction is an office building located at 955 Overland Ct, San Dimas, CA, 91773, within the San Dimas market. This building was sold for $19.9 million, encompassing a total of 87,210 square feet, and was fully leased at the time of the sale. Key tenants include the County of Los Angeles, United Nurses of California, and Med-Legal.

Summary of transaction details:

  • Property Type: Office Building
  • Transaction Amount: $19,900,000.00
  • Address: 955 Overland Ct, San Dimas, CA, 91773
  • Market: San Dimas
  • Seller: 955 Overland Venture LLC
  • Buyer: HCT Logistics Co
  • Square Footage: 87,210
  • Seller's Representatives: Mark Perry (CBRE), Carlene O’Neil (CBRE), Doug Mack (CBRE), Gary Stache (CBRE)
  • Broker: Mark Shaffer (CBRE)

The deal involved key representatives from CBRE, including Mark Shaffer, Anthony DeLorenzo, Gary Stache, Doug Mack, Mark Perry, and Carlene O’Neil, who represented the seller throughout the all-cash transaction.

Players

Doug Mack

CBRE

Broker

$251.1M

vol

20 deals

Broker

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

0.80%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93