536-661 Arrow Hwy, San Dimas, CA 91773
31,062 SF | 80% Leased | Retail Building | San Dimas, CA 91773 | $6,212,400 ($200/SF) | 6.75% Cap Rate
For Sale
Active
Asking Price $6,212,400
- Property Type
-
Retail
- Square Feet
- 31,062 SF
- Price / Square Foot
- $200
Listing Contacts
Anthony Le
Property Overview
HUGE PRICE REDUCTION. MOTIVATED SELLER LOOKING TO RETIRE.
The San Dimas Western Station comprises six individual retail units, totaling 31,062 square feet, and was constructed in 1989 on a 0.63-acre lot. Presently, the property houses various tenants, including Boot Barn, Stubborn Mule Sports Bar, Sushiya Sushi, and an investment firm. Notably, two units, totaling 5,850 square feet, are currently vacant, presenting a favorable opportunity for prospective buyers.
The San Dimas Western Station comprises six individual retail units, totaling 31,062 square feet, and was constructed in 1989 on a 0.63-acre lot. Presently, the property houses various tenants, including Boot Barn, Stubborn Mule Sports Bar, Sushiya Sushi, and an investment firm. Notably, two units, totaling 5,850 square feet, are currently vacant, presenting a favorable opportunity for prospective buyers.
Property Details
- Class
- C
- Year Built
- 1989
- Stories
- 2
- Property Subtype
- Freestanding
- Lot Size (sq. ft)
- 27,443 SF
Highlights
- Attractive upside in potential income with a ProForma CAP Rate of 6.75%. Significant NOI growth through leasing-up the vacant space & as leases roll.
- NNN Leases / Lease LOI pending for the former Boot Barn Unit. This unit features dual entry and front & rear parking.
- Currently property wide rents are averaging just $1.39 PSF/month. Existing rents will be easily replaced or improved as leases roll.
- Current Occupancy of 80%. Neighboring rental comparables illustrate a 85% - 90% occupancy area.
- Priced below replacement cost @ ($200 PSF) / Possible SBA 10% down financing available for well qualified buyers. Please call to inquire.
- Traffic counts exceed 35k cars/day / Ample on-site parking (No parking ownership). Common area maintenance paid to the owners association.
All available spaces
- Space
- 1st Fl-Ste 538
- Size
- 3,450 SF
- Space
- 1st Fl-Ste 548
- Size
- 2,400 SF
- Space
- 1st Fl-Ste 659
- Size
- 6,869 SF
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