2053 Bonita Avenue $4,400,000

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    2053 Bonita Avenue La Verne, CA 91750

    Closed
    SOLD 6/2/2020

    $4,400,000

    Market Estimate
    • 10,166 sq. ft.
    • 0.80 Acres
    • Commercial Sale
    • MLS# CV20003714
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    Property Details

    The Wright Associated Companies is pleased to offer this NNN leased investment with a CAP rate of 6.1% for 2020 plus annual escalations. This is a 34,934 square foot premier corner lot with a beautiful 10,166 square foot fully occupied mixed use retail building, stand alone ATM Kiosk, garden area, covered grill, outdoor patio areas and a 53 space parking lot, all located adjacent to the University of La Verne at the gateway to the city's Old Town. There is a possibility for additional development at this site, established in the heart of downtown La Verne, the D Street Square connects La Verne's agricultural roots with a vibrant and centrally located mixed-use building. The D Street Square is a lively destination space offering restaurant, retail, and executive office space. Paying tribute to La Verne's rich history in the citrus growing and packing industry, the building's exterior showcases an iconic brick architecture while the rustic interior explores the line between elegant open space design and a vintage industrial/manufacturing era feel.

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    Property History

    Date Event Price Percent Change
    -- New in Database Source New Value: $0 -100%
    6/2/2020 12:00:00 AM Sold Source New Value: $4,400,000
    Based on information from California Regional Multiple Listing Service, Inc. as of 9/24/2020 10:21:32 AM. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

    Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.