510 S Grand Ave, Glendora, CA 91741

24,741 SF GBA      $5,250,000    SOLD

Multi-Tenant Retail/Office Building


Multi-Tenant Retail/Office Building Anchored by Pacific Western Bank Branch. High visibility 3-story building with concrete construction. Recent $350,000 in Capex to the first floor bank branch and building lobby. Abundant parking with 131 surface spaces (5.7.1); room for an additional 25 spaces (7.1). High ceilings / ample window line

Strategically located just 0.6 miles north of the 210 FWY between Rte 66 and Foothill Blvd (AADT 21,627). $3.1 billion purchasing power within 3 miles. Approximately 0.5 miles walking distance from the future Metro Gold Line Glendora Station (proposed). RT66-GMU allows for wide variety for uses including office, medical office, laboratories, retail, mixed use, etc. and development of up to 5,545 SF of additional space.

Marty Clouser and Andrew Levant of Kennedy Wilson Real Estate Sales & Marketing represented the seller in this disposition to an international buyer. The sale closed in Sept. 2016 at a sales price of $5,250,000 ($211.86/SF) at a cap rate of 7.0%.

Marty Clouser

Cal Broker DRE# 00912230

(310) 887-6422

mclouser@kennedywilson.com

realtor

310.887.6446

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