Updated Oct 29, 2024
Pathway Vet Alliance Leases 2100 Square Feet At 357 S Mountain Ave Upland From DMP Properties
357 S Mountain Ave, Upland, CA, 91786
Building Size
2,100 SF
Asset Type
Retail
Closing
Dec 17, 2018
About this deal
AI
The property involved in this transaction is a retail space located at 357 S Mountain Ave, Upland, CA, 91786, positioned in the Upland market. The lease is for a total of 2,100 square feet of the Mountain Green Shopping Center, which features multiple tenants, including a 20,390-square-foot ALDI and Optima Salons, that also occupies space in the center.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 357 S Mountain Ave, Upland, CA, 91786
- Square Feet: 2,100
- Landlord: DMP Properties
- Tenant: Pathway Vet Alliance
- Landlord's Representatives: Adam Handfield, SRS Real Estate Partners; Casey Mahoney, SRS Real Estate Partners
Three additional tenants have signed lease agreements for spaces in the Mountain Green Shopping Center, with Terrison Quinn, Casey Mahony, and Adam Handfield representing DMP Properties as landlords. Other tenants in the complex include Dunkin’ Donuts, GNC, CVS/pharmacy, Michaels, Sprint, Sally Beauty, and Jersey Mike’s Subs, among others. Ryan Gast of CBRE represented Pathway Vet Alliance in this transaction.
Players
Upland 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