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
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