1373-1393 E Walnut St - Auto Repair FOR SALE


Pasadena, CA 91106
$5,300,000 USD
949-677-4757
1373-1393 E Walnut St, Pasadena, CA for Sale
$5,300,000 USD
Auto Repair - FOR SALE
1/8
null | Request Cap Rate

1373-1393 E Walnut St
Pasadena, CA 91106


HIGHLIGHTS

  • Los Angeles MSA
  • Affluent Community with Attractive Demographics
  • Strong Credit Tenant
  • Rare Opportunity at Signalized Corner with Cross Traffic VPD Exceeding 60,000

OVERVIEW

Stan Johnson Company (“SJC”), on behalf of Ownership as its exclusive advisor, is pleased to offer for sale the rare 100% fee simple interest in the twotenant commercial property, located at 1373 E Walnut Street, Pasadena, CA (“The Property”). The Property is positioned on a signalized corner one block between the Historic Route 66 and Interstate 210 and is comprised of two buildings on 0.53 acres. The availability to acquire such a rare asset could very well be a once in a lifetime opportunity as many real estate properties in a prime area like Pasadena are held through multiple generations. Over the last decade, land values in the area have more than doubled and are expected to continue to rise. The dual tenancy of Discount Tire Centers and Safelite AutoGlass offers a synergistic tenant mix. Both companies are well established in the auto service industry. Safelite is the nation’s largest provider in vehicle glass repair and served 6 million customers across its 7,200 locations in 2018. Discount Tire Centers is a respected operator in California for the last 40 years and has grown to 36 locations.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$883 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.53 AC

LAND SF

23,087 SF

ZONING

CG1

APN/PARCEL ID

5738-016-030

ASK ABOUT THIS PROPERTY

Ronnie GivargisAllied Commercial Real EstateMore Info
949-677-4757

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Ronnie GivargisAllied Commercial Real EstateMore Info
949-677-4757

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.