Description
Trophy creative office in Old Pasadena, 95% leased, strong in-place rent with rent bumps.
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
525 S Lake Ave
Pasadena, CA 91101
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
Ryan Cooper
Senior Managing Director Senior Managing Director
Nathan Baker
Director, Industrial Sales Director, Industrial Sales
Description
Trophy creative office in Old Pasadena, 95% leased, strong in-place rent with rent bumps.
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
525 S Lake Ave
Pasadena, CA 91101
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
Ryan Cooper
Senior Managing Director Senior Managing Director
Nathan Baker
Director, Industrial Sales Director, Industrial Sales
