Description
Pasadena Creative Office is a premier six-story, 300,000-square-foot trophy asset situated on a 6.8-acre campus at 525 South Lake Avenue in Old Pasadena. Delivered in 2010 and fully renovated in 2022, the building offers expansive 50,000-square-foot floor plates, state-of-the-art creative office finishes and infrastructure, and a parking ratio of 3.5 stalls per 1,000 square feet (1,050 total spaces). Zoned CO Commercial Office and boasting 95% occupancy, the property currently has a single 15,000-square-foot suite available, providing an immediately leasable footprint for creative,...
Documents
Offering Summary
- Asking Price$62,000,000
- Price PSF$206
- Property TypeOffice
- Size300,000 SF
- Occupancy95%
- Total Acres~6.80 ac
Sale Details
- T12 Cap Rate5.50%
- T12 NOI$3,410,000
Documents
Property Address
Property Details
- Property TypeOffice
- Square Feet300,000 SF
- Available Space (SF)15,000 SF
- Occupancy95%
- Year Built2010
- Year Renovated2022
- Stories6
- Floor Plates (SF)50,000 SF
- Parking Ratio3.5
- Total Parking1,050
- ZoningCO Commercial Office
- APN5742-009-044
Property Details



Deal Team



Description
Pasadena Creative Office is a premier six-story, 300,000-square-foot trophy asset situated on a 6.8-acre campus at 525 South Lake Avenue in Old Pasadena. Delivered in 2010 and fully renovated in 2022, the building offers expansive 50,000-square-foot floor plates, state-of-the-art creative office finishes and infrastructure, and a parking ratio of 3.5 stalls per 1,000 square feet (1,050 total spaces). Zoned CO Commercial Office and boasting 95% occupancy, the property currently has a single 15,000-square-foot suite available, providing an immediately leasable footprint for creative,...
Documents
Offering Summary
- Asking Price$62,000,000
- Price PSF$206
- Property TypeOffice
- Size300,000 SF
- Occupancy95%
- Total Acres~6.80 ac
Sale Details
- T12 Cap Rate5.50%
- T12 NOI$3,410,000
Documents
Property Address
Property Details
- Property TypeOffice
- Square Feet300,000 SF
- Available Space (SF)15,000 SF
- Occupancy95%
- Year Built2010
- Year Renovated2022
- Stories6
- Floor Plates (SF)50,000 SF
- Parking Ratio3.5
- Total Parking1,050
- ZoningCO Commercial Office
- APN5742-009-044
Property Details
Deal Team



