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955 Overland Ct
San Dimas, CA 91773

Office Property For Sale

PROPERTY FACTS

Property Type
Office
Building Size
87,210 SF
Building Class
B
Year Built/Renovated
1987/2006
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
43,605 SF
Building FAR
0.37
Lot Size
5.47 AC
Zoning
M1, San Dimas
Parking
331 Spaces (3.8 Spaces per 1,000 SF Leased)

Amenities

  • 24 Hour Access
  • Security System

About 955 Overland Ct , San Dimas, CA 91773

STABILIZED, HIGH-IMAGE ASSET LOCATED IN SAN DIMAS’ MOST PRESTIGIOUS OFFICE LOCATION ? 100% leased office building with long-term, high-credit leases offering exceptional cash-flow security. ? Leased to the County of Los Angeles, United Nurses of California, and Med-Legal, the asset provides stable cash flow with a weighted average lease term of more than 6 years. Unique to this asset, the County’s lease delivers a 10-year firm term, as opposed to more common 4-year firm terms at other locations. ? The building features large and efficient floor plates with views of the San Gabriel Mountains and a high, 4/1,000 SF parking ratio, greatly assisting in future ease of lease-up. ? The Property’s in-place leases, averaging $2.10 PSF, full service gross, provide strong returns and the future opportunity to move rents upwards, as recently-completed leases in the adjoining business park range between the $2.25-$2.30 PSF, full service gross. ONE OF THE STRONGEST SUBMARKETS IN THE ENTIRE LA BASIN ? San Dimas continues to experience strong absorption, with three significant leases — QTC Management, UTC Aerospace Systems, and LA County—being signed in 2018 totaling 210,493 SF. ? San Dimas’ prestigious location gives it one of the lowest vacancy rates in the entire Los Angeles Basin for buildings larger than 70K SF at 7%. ? Situated off the 210 Freeway Corridor, an area best known as the region’s Technology Corridor. The Corridor is home to many Fortune 500 companies and national brands, including Ready Pac Produce, NTD Architecture, MillerCoors, and Edison International. ? Rents are poised to continue to grow, with healthy demand and no new construction planned in the area. SAN DIMAS’ MOST SOUGHT-AFTER, AMENITY-RICH CORRIDOR ? The Property is surrounded by excellent amenities, including San Dimas Plaza, with more than two dozen retailers. ? San Dimas is a meeting point for Los Angeles County, the Inland Empire, and Orange County, and will soon be served by a Metrolink Station across Highway 57. The city boasts a wide range of executive and workforce housing and excellent schools. ? The Property is strategically positioned at the I-210 and 57 Freeway interchange, providing easy access to I-10 and the rest of Southern California. ? San Dimas offers proximity to exceptional universities, including the Claremont Colleges, Cal Poly Pomona, Azusa Pacific, and the University of La Verne.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
8383-010-060
Land Assessment
$10,078,698
Improvements Assessment
$11,258,121
Total Assessment
$21,336,819
  • Listing ID: 15166011

  • Date on Market: 2/13/2019

  • Last Updated:

  • Address: 955 Overland Ct, San Dimas, CA 91773

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