Azusa, CA – July 22, 2015 – (RealEstateRama) — Senior Vice President Marie Taylor with NAI Capital completed the sale of the Azusa Foothill Kennels property at 214 N. Aspan Ave. in the city of Azusa, Calif. Built in 1967, the 30,400 square foot site included 9,754 square feet of kennels and a 2,754 square foot single family residence with a 360 square foot garage.
Taylor represented both seller and buyer. The seller, Robben Family Trust, a husband and wife team established Azusa Foothill Kennels in 1985. They had a long history of owning and showing champion Boston Terriers, working in obedience and supporting local dog rescues. With the sale of the property, Azusa Foothill Kennels has closed its operations. The buyer, which chooses to remain unnamed, is working with the city to renovate the property and is eager to lease out the property to a dog related business. The buyer, extremely pleased with their purchase, added, “This is the second time that Marie Taylor with NAI Capital found what we were looking for at a price that made the transaction possible for us and for the seller.” The property is currently being marketed for lease by NAI Capital.
Taylor said, “This property would be the ideal location for a new or existing operator to come into the community to provide pet care services.” According to the American Pet Products Association, Inc., it is estimated that $5.24 billion will be spent on grooming & boarding pet services in the U.S in 2015. The project has outstanding demographics; 361,905 people live within a 5 mile radius with a $78,906 average household income. Within a 1-mile radius 45.1% of households own a dog, according to Environmental Systems Research Institute demographic research. “As the demographics point out, the site offers great potential for the right business to pick up were Azusa Foothill Kennels left off,” Taylor added.
About NAI Capital
NAI Capital is a leading Southern California commercial real estate firm headquartered in Encino, California. With 14 offices throughout Los Angeles, Orange, Riverside, San Bernardino and Ventura Counties, NAI Capital is the Southern California member of NAI Global, a premier real estate service network in 55 countries with 375 local offices and 6,700 local market leaders spanning the globe. Since 1979, NAI Capital clients have built their businesses on the power of our expanding network. Our extensive services include: multi-site acquisitions and dispositions, sublease, tenant representation, lease administration and audit, investment services, due diligence and related consulting and advisory services.
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