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.