Anchor Point Capital, a leading commercial real estate advisory firm specializing in net lease properties across the nation, recently facilitated the $12.2 million sale of Plaza Diamond Bar. This two-building property is located in Diamond Bar and includes a mixed-use office building spanning 25,000 square feet and an adjacent freestanding retail building measuring 8,000 square feet.
The off-market transaction involved two separate buyers who are both private investors based locally. The office building at 2040 S. Brea Canyon Rd was sold for cash while the retail building at 2020 S. Brea Canyon Rd was sold with creative seller financing arranged by Anchor Point Capital. The seller of both properties was Metro Properties LLC.
According to Eric Vu, managing principal at Anchor Point Capital: “These transactions highlight that there is still demand for office assets and certain properties can attract strong investor interest.” He further added that despite softening trends in urban offices, suburban offices like this quasi-medical campus situated on a high-profile freeway location continue to drive demand and command premium prices.
This recent sale by Anchor Point demonstrates their expertise in navigating complex deals involving diverse asset types such as mixed-use buildings like Plaza Diamond Bar.
