| Property Use Type: | Investment |
| Type: | Office Office Building |
| Building Size: | 23,203 SF |
| Lot Size: | 1.86 Acres |
| Price: | $6,200,000 |
| Price/SF: | $267.21 |
Property Description:
A high-quality office building in Glendora, California (the Property ). The Property is a 23,203± SF 3-story office building located on 1.86 acres. Kennedy Wilson is asking $6,200,000, or $267/rentable SF, for a fee simple interest in the Property. Built in 1980 and renovated in 2007, this well-maintained asset includes 132 surface parking spaces (5.6:1,000 SF, 50% more spaces than required per city code) and city entitlements to develop a 4,000± SF retail/office pad fronting Grand Avenue adjacent to a newly-built Walgreen' s drug store. As one of the highest quality office buildings in Glendora, the Property presents a unique investment or owner-user opportunity at over a 40% discount to replacement cost.
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