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1335 Foothill Boulevard

Edens Achieves Full Occupancy For Foothills Plaza In La Verne With Leases For Daiso, Water Wings, Hotworx Yoga, And Prizm Dental
LEASEDRetail

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

Stephanie Skrbin

Axiom Retail Advisors

Broker

3 deals

Broker
Jodie W. McLean

Jodie W. McLean

Edens

Landlord

$359.1M

vol

8 deals

Landlord

Vista Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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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