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300 West Huntington Drive

Updated Dec 5, 2024

AutoZone Signs 10-Year Lease At Monrovia Plaza Retail Center Represented By SharpLine And Canaan Pacific Inc
LEASEDRetail

AutoZone Signs 10-Year Lease At Monrovia Plaza Retail Center Represented By SharpLine And Canaan Pacific Inc

300 West Huntington Drive

Building Size

15,750 SF

Asset Type

Retail

Closing

Nov 4, 2024

About this deal

AI

The property involved in this transaction is a retail asset located at 300 West Huntington Drive in Monrovia, California. It features a total area of 15,750 square feet within the Monrovia Plaza, a 140,000-square-foot retail center, which is now fully occupied.

Summary of transaction details:

This lease was brokered by SharpLine, with Barbara and Samantha Armendariz representing the landlord. AutoZone is scheduled to open in early 2025, joining an anchor lineup that includes Baja Ranch Supermarket.

Players

Barbara Armendariz

SharpLine

Broker

1 deal

Broker

Monrovia 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

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