405-415 W Foothill Blvd - Storefront Retail/Office FOR SALE


Claremont, CA 91711
$36,361,000 USD
949-506-2009
405-415 W Foothill Blvd, Claremont, CA for Sale
$36,361,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | 6% Cap Rate

405-415 W Foothill Blvd
Claremont, CA 91711


HIGHLIGHTS

  • 99% Occupied | 70+ Tenant Roster | Future Upside
  • Affluent Trade Area | $176,909 1-Mile Avg. Household Income
  • Trader Joe’s | 1M+ Annual Visitors | Top 17% Nationwide (Placer.ai) | One Gen Gym (Co-Owned by Larry Wheels) | 27-Year Buca di Beppo
  • Dominant Foothill Blvd Retail Corridor | Frontage to 35,400 VPD Signalized Hard Corner | Five Points of Access | Route 66 & I-210

OVERVIEW

SRS Capital Markets is pleased to present the rare opportunity to acquire an irreplaceable, 99% leased community shopping center in the affluent community of Claremont, CA (Los Angeles MSA). Old School House Shopping Center is located at the signalized hard corner of W. Foothill Boulevard (Historic Route 66) and N. Indian Hill Boulevard — the strongest intersection along the primary retail corridor serving Claremont. The offering consists of a single 7.6-acre parcel (331,044 SF) improved with four buildings totaling 92,614 SF of rentable area, offered fee simple with land and building ownership. Anchor and major tenants within the center include Trader Joe’s, One Gen Gym, Buca di Beppo, PianoPiano Dueling Lounge, Elvira’s Finest Foods of Mexico, and PDS Dental. The center is 99% occupied with only 390 SF of vacancy across three small suites, producing $2,741,721 of occupied base rent at a blended $29.60/SF. Income is spread across more than 70 distinct tenancies in 77 suites, delivering a level of granular diversification that is exceptionally difficult to replicate in a single acquisition.

FOR SALE DETAILS

PRICE

$36,361,000 USD

PRICE/SF

$1,115 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Old School House Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Supermarket

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

145

LAND DETAILS

LAND ACRES

7.6 AC

LAND SF

331,056 SF

ZONING

SP

APN/PARCEL ID

8305-020-002

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.