San Dimas Single-Tenant Office
For Sale
Contact for pricing
924 Overland Ct, San Dimas, CA 91773
NNN leased office building with creditworthy tenant in San Dimas.
Property Size98,505 SF
Price / SF$282.86
Days on Market174
Property Features for 924 Overland Ct
General Information
Standard status
Active
Size
98,505 SF
Property subtype
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Building Details
Year Built
1988
Year Renovated
2018
Tenancy
Single
Listing Agency:
The Kase Group
(510) 388-4438
Listed By:
Jeff Bracco · License #CA 01336201
Source:
Crexi
Added: Feb 19
Changed: Aug 8
Last Checked: Aug 12 at 9:14AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Kase Group
Investment Insights
Based on property information with market context.
Located at 924 Overland Court, San Dimas, CA, this single-tenant office asset is fully leased to In-N-Out Burger. The 98,505 SF property is situated in the San Dimas Corporate Park, at the convergence of Interstate 210 and Highway 57, offering regional connectivity, visibility, and proximity to a diversified employment base. The NNN leased property features a new 6-year lease with 3% annual increases. In-N-Out plans to invest significantly in tenant improvements in multiple phases, with phase one currently underway. Rent is scheduled to commence August 5, 2026, and the tenant is estimated to begin paying operating expense reimbursements on March 5, 2026. The tenant holds 3% Annual Increases in Base Rent and at the Option Period. This location is advantageous, where Los Angeles County, Orange County, and the Inland Empire converge.
Key Highlights
- NNN leased to In‑N‑Out Burger, a creditworthy operator, providing stable and reliable income.
- Brand new 6 Year Lease with 3% annual increases.
- Located in the desirable San Dimas Corporate Park, historically drawing iconic brands.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$2,153,240
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$43,064,800
$43.1M
Cap Rate 7%
$30,760,571
$30.8M
Cap Rate 9%
$23,924,889
$23.9M
Market Conditions
NOI Build-Up for 98,505 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$3.78M $38.40/SF
− Vacancy
−$911.6K −$9.25/SF
EGI
$2.87M $29.15/SF
− OpEx
−$717.7K −$7.29/SF
NOI
$2.15M $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$43,064,800
Cap Rate 7%
$30,760,571
Cap Rate 9%
$23,924,889
Alternative Uses
Best Use
Office B
$30.76M
$26.92M – $35.89M
NOI $2,153,240 @ 7.0% cap · market cap 7.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$52.74M
$46.15M – $61.53M
NOI $3,691,744 @ 7.0% cap · market cap 13.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,170
Businesses Nearby
Explore this area
Business Placement
Demographics for 91773, CA
34,592
Population
12,363
Households
2.8
Avg Household Size
44
Median Age
40%
College-Educated
93%
High-School Grad
15.0 sq mi
ZIP Area
2,306
Density / Sq Mi
$105,926
Median Household Income
$51,673
Median Earnings
$2,232
Median Rent
$754,700
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - NNN leased office building with creditworthy tenant in San Dimas.
Where is this office building located?
The property is located at 924 Overland Ct San Dimas, CA.
What is the asking price?
The asking price for this property is $27,863,000.
What are key features of this property?
This property features: NNN leased to In‑N‑Out Burger, a creditworthy operator, providing stable and reliable income.; Brand new 6 Year Lease with 3% annual increases.; Located in the desirable San Dimas Corporate Park, historically drawing iconic brands.
