2234 E Colorado Blvd - Medical FOR SALE


Pasadena, CA 91107
$5,300,000 USD
213-446-7543
2234 E Colorado Blvd, Pasadena, CA for Sale
$5,300,000 USD
Medical - FOR SALE
1/6
null | Request Cap Rate

2234 E Colorado Blvd
Pasadena, CA 91107


HIGHLIGHTS

  • HIGH-IMAGE BOUTIQUE OFFICE BUILDING FOR SALE IN WORLD-RENOWNED LOCATION - PASADENA, CA

OVERVIEW

HIGH-IMAGE BOUTIQUE OFFICE BUILDING FOR SALE IN WORLD-RENOWNED LOCATION - PASADENA, CA * Generational opportunity to acquire well-appointed office Owner/User on Colorado Boulevard which is being made available for the first time since originally constructed. * Positioned along the famous Rose Parade route on the most desirable street in Pasadena with direct access to world-class shopping, dining, and entertainment amenities. * Uniquely designed building with abundant parking (3/1,000) situated on both sides of the property accessed through central breezeway. Overflow parking available through neighboring church lot providing potential for medical conversion. CENTRALLY LOCATED WITH ABUNDANT AMENITIES * Ability to host annual Rose Parade events or generate additional revenue by renting out parking area for spectators. * Walk Score of 90 (Walkers Paradise): Ideally situated along the Colorado Blvd corridor of Pasadena, proximate to top retail and entertainment amenities in Old Pasadena, the South Lake Financial District, and the Playhouse District. * East Colorado Boulevard and Sierra Madre Blvd intersection is a top thoroughfare in Pasadena with an average daily traffic count exceeding 21,000 cars (CoStar). Providing direct access to the I-210 Freeway and Metro Gold Line – Allen Station just 3 blocks north of the property. STRONG NEIGHBORHOOD OFFICE FUNDAMENTALS * Neighborhood office (Under 10,000 SF) has a 1.8M SF base and is out performing the overall Class A & B market by more than four-fold at a very low direct vacancy of 3.8% (CoStar) with no new product under construction. * Limited supply in boutique office market with only ±1,300 SF available between 12 office buildings under 10K SF along Colorado Blvd between Marengo and San Gabriel Blvd.

FOR SALE DETAILS

PRICE

$5,300,000 USD

PRICE/SF

$650 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

PSC*

APN/PARCEL ID

5747-006-025

ASK ABOUT THIS PROPERTY

Mark ShafferCBRE, Inc.More Info
213-446-7543

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Mark ShafferCBRE, Inc.More Info
213-446-7543

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