924 Overland Ct
San Dimas, CA 91773
924 Overland Court (San Dimas Corporate Park) · Office Property For Sale

INSTITUTIONALLY-OWNED, “BEST-IN-CLASS” OFFICE CAMPUS WITH LONG-TERM CREDIT TENANCY * LEED Gold-Certified property with full-service on-site amenities, offering an attractive corporate headquarters environment: an impressive lobby, an attractive skylight atrium, central kitchen, food service area, fitness center, an executive boardroom pre-wired for video conferencing with attached AV room and kitchen, conference/training rooms, and a mix of open plan and executive offices and storage throughout. * 100%-leased to Leidos, Inc. (NYSE: LDOS, S&P: BBB-) and occupied by QTC Management, a subsidiary that also serves as the parent company’s agent for the lease. Leidos is a Fortune 500 company with more than $10 billion in annual revenues. * QTC Management, which relocated its headquarter offices from nearby Diamond Bar due to an owner-user sale from that location’s landlord, has decades-long ties to the immediate area. The company is a leading provider of independent medical examinations * The in-place lease, with more than 5 years of lease term, provides new ownership with long-term cash flow stability, strong returns and the opportunity to move in-place rents, currently 7.32% below market, to a market level. * Part of San Dimas’ most prominent office portfolio, consisting of two separately parceled, high-image low-rise buildings within a well-appointed campus setting, offers sweeping mountain views, separately parceled excess land, excellent freeway visibility, exceptional adjacent retail amenities, a rare gateway location and strong-credit tenancy. * The Portfolio’s approximately 2-acre excess, paved land provides additional parking for the adjacent buildings, up to up to 5:1,000, while additionally offers future ownership an excellent opportunity for value-add through additional development. EXCEPTIONALLY STRONG MARKET FUNDAMENTALS * San Gabriel Valley’s 210 Freeway Corridor, which covers San Dimas Corporate Park, is among San Gabriel Valley’s seven submarkets. The area is best known as the region’s Technology Corridor, home to many Fortune 500 enterprises and national brands, including Edison International, MillerCoors, Magellan, NTD Architecture, and Ready Pac Produce, to name a few. * The San Gabriel Valley office submarket, due to higher demand and greater supply scarcity, consistently outperforms the overall Los Angeles County. San Gabriel Valley’s 3Q18, at 9.0%, is 120 basis points lower than the larger Los Angeles market. A similar story plays out in the San Dimas micro-market, where an 7.9% overall vacancy is among the lowest in San Gabriel Valley. * Among San Gabriel Valley’s 675+ office buildings in 3Q18, only 4 buildings have availability between 70,000 and 100,000 square feet. In San Dimas, there is none. * San Dimas’ inventory of buildings 70,000+SF has 100% occupancy, besting those in neighboring Diamond Bar (96%) and in the remaining parts of San Gabriel Valley (87%). SAN DIMAS’ MOST SOUGHT-AFTER, AMENITY-RICH CORRIDOR * In addition to onsite amenities, the Portfolio offers surrounding world-class amenities, including the neighboring San Dimas Plaza, with more than two dozen retailers. Other nearby retail centers include San Dimas Marketplace, Foothill Village, and Glendora Marketplace Shopping Center. Nearby attractions include the Los Angeles County Fair, Raging Waters amusement park, The Claremont Colleges and Cal Poly Pomona. * Strategic location at the convergence of Interstate 210 and Highway 57, with freeway visibility and convenient access to the entire Los Angeles basin through an extensive freeway and rail system. This location, the best in San Dimas, is the meeting point for Los Angeles County, Orange County and the Inland Empire, and will soon be served by a Metrolink station across Highway 57. * San Dimas offers proximity to world-class universities with exceptional STEM graduates feeding the region’s insatiable demand for technical skills, available housing inventory at all price points, and abundant San Gabriel Valley amenities that draw people from all backgrounds.