Private Investor Acquires Property From The Festival Cos For $4,099,999 In Claremont
903 W Foothill BLVD, Claremont, CA...
$4,099,999
$444/SF
Building Size
9,226 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
A retail property located at 903-911 W. Foothill Blvd. in Claremont has been sold for $4,099,999. The property spans 9,226 square feet and has been home to tenants Unleashed by Petco and Wild Birds since 2010/2011, who have recently renewed their leases. The property was fully remodeled in 2010, boasting a new façade and roof.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,099,999
- Address: 903 W Foothill BLVD, Claremont, CA 91711, USA
- Market: Claremont
- Buyer: Private Investor
- Seller: The Festival Cos
- Buyer's Representative: Katherine Quach - Treelane Realty Group
- Seller's Representative: Greg Bedell - Progressive Real Estate Partners
Greg Bedell and Roxy Klein represented The Festival Cos in the sale, while Katherine Quach represented the buyer in the transaction. Progressive Real Estate Partners also facilitated the lease-up of the final space to Almond Haus Café.
Players
Claremont Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93