Claremont, CA 91711,301 Yale AVE
Claremont, CA 91711,301 Yale AVE
Claremont, CA 91711,301 Yale AVE
6
$4,425,000
$4,750,000
6.8%
Est.Price: ?

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8,924 SqFt

301 Yale AVE Claremont, CA 91711

Est. payment /mo
SOLD DATE : 01/14/2020

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Key Details

Sold Price $4,425,000

Property Type Commercial

Sub Type Retail

Listing Status Sold

Purchase Type For Sale

Square Footage 8,924 sqft

Price per Sqft $495

MLS Listing ID OC19259188

Sold Date 01/14/20

HOA Y/N No

Year Built 1995

Annual Tax Amount $15,149

Tax Year 2019

Lot Size 0.365 Acres

Acres 0.3647

Property Sub-Type Retail

Property Description

The Shoppes at Yale is a rare opportunity to acquire a prominent value-add retail center in the City of Claremont. Claremont is also known as the 'Harvard of the West'. The property is being sold by the original developer and is on the market for the first time ever. The asset is comprised of seven retail tenants: Birkenstock, Persipolis, 4 C's Finecraft Jewelers, Tattle Tails, Tocaja, Del Anno, and Menkoi Ya Ramen. This 7-Tenant shopping center has below market rents at $2.04 per square foot and short term tenancy. The property has 8 open parking spots on site, along with ample city owned street parking in front of the stores.

The retail center has a strong walkability score of 78 with traffic counts over 22,862 car per day. Surrounding residential neighborhoods include Bonita Terrace Apartments, Claremont Village, and Courier Place Apartments. It is also walking distance to the seven highly prestigious Claremont Colleges.

Location

State CA

County Los Angeles

Area 683 - Claremont

Interior

Heating Central

Cooling Central Air

Laundry None

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected

Building

Lot Description 6-10 Units/Acre

Water Public

Others

Acceptable Financing None

Listing Terms None

Financing None

Special Listing Condition Standard

Lease Land No

Confidential INFO

BAC 2.0

TERMS Cash To New Loan

LIST AGRMT Exclusive Right To Sell

LIST SERVICE Full Service

SHOW CONTACT TYPE None

SHOW INSTRUCTIONS Drive By Only.Do Not Disturb Tenants. Inspection Upon Signed Contract.

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CRMLS Plus
Listed by Mark Bridge, Broker
Bought with Stone-Miller
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agent

Mark Witte

Agent | License ID: 02102425

+1(949) 269-7270

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