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903 W Foothill BLVD, Clarem...

Private Investor Acquires Property From The Festival Cos For $4,099,999 In Claremont
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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:

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

Greg Bedell

Progressive Real Estate Partners

Broker

$176.4M

vol

33 deals

Broker

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