September 19, 2019
Taiwan-based HCT Logistics Co. LTD acquired a suburban office building in San Dimas, CA from 955 Overland Venture, LLC, for $19.9 million in cash. Located at 955 Overland Court, the multi-tenant building totals 87,210 square feet and was 100% leased at the time of sale, including to the County of Los Angeles, United Nurses of California and Med-Legal.
The two-story property is located near the 210 and 57 freeways, and sits in proximity to a variety of amenities.
CBRE’s Mark Shaffer, Anthony DeLorenzo, Gary Stache, Doug Mack, Mark Perry and Carlene O’Neil represented the seller.
Shaffer says, “We received a great amount of interest in this fully-leased building, which resulted in a competitive bidding process with multiple offers. San Dimas, given its recent leasing momentum and relative value, is attracting interest from investors who are searching for stable cash flow and strong yields beyond primary real estate markets.”
For comments, questions or concerns, please contact Dennis Kaiser