1370 VALLEY VISTA DRIVE, DIAMOND BAR, CA
The two story 90,000 square foot office building was purchased in an off-market, quickly executed sale transaction. The suburban office property is located within the premier business park in the Diamond Bar submarket. Historically a very low vacancy market, Diamond Bar is situated at the intersection of Los Angeles County, Orange County and Riverside County. The project attracts employers that hire talent from all three county employment pools with a total population of over 17 million and the central location provides their employees with a short commute on several major highways. ANDA Realty renovated the multi-tenant building and leased the project to 98% occupancy within six months of acquisition. The staggered rent roll lease expirations provide risk mitigation while allowing the building to raise below market rental rates as leases expire.
