$1.2 Million Price Reduction | 536-661 W Arrow Hwy
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$1.2 Million Price Reduction 536-661 W Arrow Hwy
31,062 SF Retail Building San Dimas, CA 91773 $8,805,890 CAD ($283 CAD/SF) 6.75% Cap Rate
Investment 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.
- Currently property wide rents are averaging just $1.39 PSF/month. Existing rents will be easily replaced or improved as leases roll.
- Priced below replacement cost @ ($200 PSF) / Possible SBA 10% down financing available for well qualified buyers. Please call to inquire.
- NNN Leases / Lease LOI pending for the former Boot Barn Unit. This unit features dual entry and front & rear parking.
- Current Occupancy of 80%. Neighboring rental comparables illustrate a 85% - 90% occupancy area.
- Traffic counts exceed 35k cars/day / Ample on-site parking (No parking ownership). Common area maintenance paid to the owners association.
Executive Summary
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.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
31,062 SF
Building Class
C
Year Built
1989
Price
$8,805,890 CAD
Price Per SF
$283 CAD
Cap Rate
6.75%
NOI
$593,984 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.13
Lot Size
0.63 AC
Zoning
CG - Commercial - CG
Parking
100 Spaces (3.22 Spaces per 1,000 SF Leased)
Frontage
334 ft on Bonita Ave
Amenities
- Bus Line
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Heavy parking available, Located Amongst Many National Tenant.
Heavy parking available, Located Amongst Many National Tenant.
Heavy parking available, Located Amongst Many National Tenant.
| Space | Size | Space Use | Position | Available |
| 538 | 3,450 SF | Retail | - | Now |
| 548 | 2,400 SF | Retail | - | Now |
| 659 | 6,869 SF | Retail | - | Now |
538
| Size |
| 3,450 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
548
| Size |
| 2,400 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
659
| Size |
| 6,869 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
538
| Size | 3,450 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Heavy parking available, Located Amongst Many National Tenant.
548
| Size | 2,400 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Heavy parking available, Located Amongst Many National Tenant.
659
| Size | 6,869 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Heavy parking available, Located Amongst Many National Tenant.
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 8386-007-073 | Total Assessment | $7,915,284 CAD |
| Land Assessment | $3,129,295 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $4,785,988 CAD | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
8386-007-073
Land Assessment
$3,129,295 CAD
Improvements Assessment
$4,785,988 CAD
Total Assessment
$7,915,284 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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$1.2 Million Price Reduction | 536-661 W Arrow Hwy
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