{"id":2743,"date":"2023-03-07T10:54:58","date_gmt":"2023-03-07T18:54:58","guid":{"rendered":"https:\/\/www.lee-associates.com\/pasadena\/?p=2743"},"modified":"2023-07-17T15:36:17","modified_gmt":"2023-07-17T22:36:17","slug":"lee-associates-pasadena-closes-an-all-cash-sale-of-a-two-story-multi-tenant-office-building-in-diamond-bar-ca","status":"publish","type":"post","link":"https:\/\/www.lee-associates.com\/pasadena\/2023\/03\/07\/lee-associates-pasadena-closes-an-all-cash-sale-of-a-two-story-multi-tenant-office-building-in-diamond-bar-ca\/","title":{"rendered":"Lee &amp; Associates \u2013 Pasadena Closes an All-Cash Sale of a Two-Story Multi-Tenant Office Building in Diamond Bar, CA"},"content":{"rendered":"<p><strong>March 7, 2022 (Diamond Bar, CA) <\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-2744 size-medium alignleft\" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2023\/03\/21308-Pathfinder-Main-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2023\/03\/21308-Pathfinder-Main-300x200.jpg 300w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2023\/03\/21308-Pathfinder-Main-1024x683.jpg 1024w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2023\/03\/21308-Pathfinder-Main-768x512.jpg 768w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2023\/03\/21308-Pathfinder-Main-1536x1024.jpg 1536w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2023\/03\/21308-Pathfinder-Main-2048x1365.jpg 2048w, https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2023\/03\/21308-Pathfinder-Main-272x182.jpg 272w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>Lee &amp; Associates \u2013 Pasadena, Inc. successfully completed an all-cash sale of 21308 Pathfinder Road in Diamond Bar, CA for $2,585,000. Jamie Harrison, Christopher Larimore and Vincent Molitor of Lee &amp; Associates \u2013 Pasadena, Inc. represented the seller, Terrel Rinehart, and the Buyer, Level I Promotion.<\/p>\n<p>Canyon View Plaza is an approximately 15,358 RSF two-story, multi-tenant office building with ample parking and solar panel carport roofs. Nestled near the San Gabriel Valley Mountains, the property enjoys prime freeway frontage facing southbound Orange (SF-57) freeway with easy travel between three Southern California counties (Los Angeles, Orange, and San Bernardino). Ideally situated in a dense, mature and affluent suburban market, Canyon View Plaza sits on 0.58 acres of land, is well-situated and has minimal landscaping making this a low maintenance property.<\/p>\n<p>The product type and location of this building makes it a very attractive asset to many investors. \u201cCanyon View Plaza is a well-known building in the Diamond Bar community offering both office and retail use,\u201d Christopher Larimore explains. \u201cHowever, after each buyer completed their due diligence period, the level of vacancy and deferred maintenance called for a special investor who could see the long-term potential of this asset. As local market specialists, we knew that this was a great property that just needed to find the right buyer and we never gave up.\u201d<\/p>\n<p>Ultimately, by utilizing the team&#8217;s creative solutions skill set, this challenging property closed escrow with an all-cash offer. \u201cThe property had not transacted in over 40 years and was 80% vacant at the time of sale,\u201d recalls Jamie Harrison. \u201cThe property was equipped with Solar panels that were purchased with money borrowed by the Seller through the HERO\u2019s program and attached as a lien to the property making any type of financing difficult without a complete payoff. In addition, the seller had previously sold off the income to the cell tower in 2019 that was located on the roof. In the end, our marketing efforts lead us to a buyer that understood this product type and had the experience and patience to work though the hurdles in this transaction that lead to a closing late February.\u201d<\/p>\n<p>The new owner has plans to renovate the interior, modernize the building, and continue to offer small to mid-size suites for both office and retail users in Diamond Bar.<\/p>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #993300\"><strong><span style=\"font-family: arial, helvetica, sans-serif\">Published Press Articles:<br \/>\n<\/span><\/strong><\/span><span style=\"color: #993300\"><strong><span style=\"font-family: arial, helvetica, sans-serif\"><a style=\"color: #993300\" href=\"https:\/\/rew-online.com\/lee-associates-pasadena-closes-an-all-cash-sale-of-a-two-story-multi-tenant-office-building-in-diamond-bar-ca\/\">Real Estate Weekly<\/a><\/span><\/strong><\/span><\/p>\n<table style=\"border-collapse: collapse;width: 79.8204%;height: 152px\">\n<tbody>\n<tr style=\"height: 181px\">\n<td style=\"width: 32.0616%;height: 142px\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-779 \" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2019\/02\/Jamie-Harrison-277x300.png\" alt=\"\" width=\"150\" height=\"163\" \/><\/td>\n<td style=\"width: 35.5422%;height: 142px\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-776 \" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2019\/02\/Christopher-Larimore-277x300.png\" alt=\"\" width=\"148\" height=\"160\" \/><\/td>\n<td style=\"width: 30.589%;height: 142px\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-929 \" src=\"https:\/\/www.lee-associates.com\/pasadena\/wp-content\/uploads\/sites\/58\/2019\/03\/Vincent-Molitor-277x300.png\" alt=\"\" width=\"147\" height=\"159\" \/><\/td>\n<\/tr>\n<tr style=\"height: 10px\">\n<td style=\"width: 32.0616%;height: 10px\"><span style=\"font-family: arial, helvetica, sans-serif\"><strong><span style=\"font-size: 10pt\">Jamie Harrison, Founding Principal<br \/>\n<\/span><\/strong><span style=\"font-size: 10pt\">626.240.2784<br \/>\n<\/span><span style=\"font-size: 10pt\"><a href=\"mailto:jamie.harrison@lee-associates.com\">jamie.harrison@lee-associates.com<\/a><br \/>\n<\/span><span style=\"font-size: 10pt\">License ID 01290266<\/span><\/span><\/td>\n<td style=\"width: 35.5422%;height: 10px\"><span style=\"font-family: arial, helvetica, sans-serif\"><strong><span style=\"font-size: 10pt\">Christopher Larimore, Founding Principal<br \/>\n<\/span><\/strong><span style=\"font-size: 10pt\">626.240.2788<br \/>\n<\/span><span style=\"font-size: 10pt\"><a href=\"mailto:clarimore@lee-associates.com\">clarimore@lee-associates.com<\/a><br \/>\n<\/span><span style=\"font-size: 10pt\">License ID 01314464<\/span><\/span><\/td>\n<td style=\"width: 30.589%;height: 10px\"><span style=\"font-family: arial, helvetica, sans-serif\"><strong><span style=\"font-size: 10pt\">Vincent Molitor, Founding Principal<br \/>\n<\/span><\/strong><span style=\"font-size: 10pt\">626.240.2787<br \/>\n<\/span><span style=\"font-size: 10pt\"><a href=\"mailto:vmolitor@lee-associates.com\">vmolitor@lee-associates.com<\/a><br \/>\n<\/span><span style=\"font-size: 10pt\">License ID 01295360<\/span><\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p><strong><em>###<\/em><\/strong><\/p>\n<p><strong><u>ABOUT LEE &amp; ASSOCIATES<br \/>\n<\/u><\/strong>Lee &amp; Associates \u2013 Pasadena is a full service commercial real estate company headquartered in Pasadena, CA. Our client-focused brokers specialize in office, retail, tenant advisory, multifamily, and investment sales. As the fastest-growing broker-owned firm in the nation, with more than 60 office locations in North America, we are uniquely qualified to support our clients\u2019 real estate needs in the local, national and international markets. For more information, visit\u00a0<a href=\"http:\/\/www.lee-pasadena.com\/\">lee-pasadena.com<\/a>.<\/p>\n<p><strong><em>###<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>March 7, 2022 (Diamond Bar, CA) Lee &amp; Associates \u2013 Pasadena, Inc. successfully completed an all-cash sale of 21308 Pathfinder Road in Diamond Bar, CA for $2,585,000. Jamie Harrison, Christopher Larimore and Vincent Molitor of Lee &amp; Associates \u2013 Pasadena, Inc. represented the seller, Terrel Rinehart, and the Buyer, Level I Promotion. Canyon View Plaza is an approximately 15,358 RSF two-story, multi-tenant office building with ample parking and solar panel carport roofs. Nestled near the&#8230;<\/p>\n","protected":false},"author":119,"featured_media":2745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,2],"tags":[593,581,594,241,592],"class_list":["post-2743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","category-press-releases","tag-closed-sale","tag-commercial-real-estate","tag-diamond-bar","tag-lee-associates","tag-office-building"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.6 (Yoast SEO v28.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lee &amp; Associates \u2013 Pasadena Closes an All-Cash Sale of a Two-Story Multi-Tenant Office Building in Diamond Bar, CA - Lee &amp; Associates Pasadena<\/title>\n<meta name=\"description\" content=\"Lee &amp; Associates - Pasadena agents Jamie Harrison, Christopher Larimore and Vincent Molitor closes an all-cash sale of a two-story multi-tenant office building in Diamond Bar, CA.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lee-associates.com\/pasadena\/2023\/03\/07\/lee-associates-pasadena-closes-an-all-cash-sale-of-a-two-story-multi-tenant-office-building-in-diamond-bar-ca\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lee &amp; 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