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The Old School House Shopping Center 405-415 W Foothill Blvd 92,614 SF 99% Leased Retail Building Claremont, CA 91711 $36,361,000 ($392.61/SF) 6% Cap Rate
Investment Highlights
- 99% Occupied | 70+ Tenant Roster | Future Upside
- Trader Joe’s | 1M+ Annual Visitors | Top 17% Nationwide (Placer.ai) | One Gen Gym (Co-Owned by Larry Wheels) | 27-Year Buca di Beppo
- Affluent Trade Area | $176,909 1-Mile Avg. Household Income
- Dominant Foothill Blvd Retail Corridor | Frontage to 35,400 VPD Signalized Hard Corner | Five Points of Access | Route 66 & I-210
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
92,614 SF
Building Class
B
Year Built
1972
Price
$36,361,000
Price Per SF
$392.61
Cap Rate
6%
NOI
$2,181,686
Percent Leased
99%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.28
Lot Size
7.60 AC
Zoning
SP - Specific Plan
Parking
145 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
555’ on W Foothill Blvd
Amenities
- Corner Lot
- Dedicated Turn Lane
- Pylon Sign
- Signalized Intersection
- Enclosed Mall
- Monument Signage
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8305-020-002 | Improvements Assessment | $9,808,751 |
| Land Assessment | $8,813,334 | Total Assessment | $18,622,085 |
Property Taxes
Parcel Number
8305-020-002
Land Assessment
$8,813,334
Improvements Assessment
$9,808,751
Total Assessment
$18,622,085
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