Updated Dec 5, 2024
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:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Lease Term: 10-year
- Tenant: AutoZone
- Landlord's Representative: Barbara Armendariz & Samantha Armendariz - SharpLine
- Tenant's Representative: Michael Lundin - Canaan Pacific Inc
- Market: Monrovia
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
Monrovia Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse Monrovia retail leases on Traded.
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