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Mission-Critical R&D/Flex Building Trades in San Dimas
CBRE facilitated the sale of 960 Overland Court, a 79,036-square-foot R&D/flex building in San Dimas, to San Dimas CA LLC. Located at 936-960 Overland Ct., the two-story property is fully occupied by Collins Aerospace, an aerospace and defense product supplier and subsidiary of Raytheon Technologies.
Mark Shaffer, Anthony DeLorenzo, Gerard Poutier, Bryan Johnson and Nick Williams with CBRE’s Investment Properties—California/Arizona/Nevada, along with Todd Tydlaska, Mike Longo, Melissa May Moock and Sean Sullivan with CBRE’s Institutional Capital Partners, represented the undisclosed seller. Terms weren’t disclosed.
“In addition to serving as a mission-critical location for the tenant, the asset offers simplicity of ownership and secure cash flow,” said Shaffer. “New ownership inherits a future mark-to-market story with a high credit tenant who was in its previous location for 40 years. We saw competitive bidding from discerning capital given the redundancy of the asset’s secure/stable cash flow and future upside.”
- ◦Sale/Acquisition


