Edens Achieves Full Occupancy For Foothills Plaza In La Verne With Leases For Daiso, Water Wings, Hotworx Yoga, And Prizm Dental
1335 Foothill Boulevard & 1397 Foothill Boulevard
Building Size
129,044 SF
Asset Type
Retail
Closing
Dec 4, 2023
AI
Edens has achieved full occupancy for Foothills Plaza, a La Verne shopping complex anchored by Sprouts Farmers Market. The property, located at 1335-1397 Foothill Boulevard, covers an area of 64,522 square feet. This successful leasing effort reflects a positive trend in Southern California's retail real estate market.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not available
- Address: 1335-1397 Foothill Boulevard
- Market: La Verne
- Asset Type: Retail
- Square Footage: 64,522 SF
Edens, led by Jodie W. McLean, serves as the landlord for Foothills Plaza. The tenant roster includes Daiso, represented by Hirotake Yano; Water Wings; Hotworx Yoga, represented by Stephen P. Smith; and Prizm Dental. Jodie W. McLean is the landlord's representative from Axiom Retail Advisors. The tenant representation is handled by JLL, ADP, Morrow Hill, and Carr.
Players
Vista Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93