673 S Raymond Ave - Manufacturing FOR SALE


Pasadena, CA 91105
$4,000,000 USD
213-532-3242
673 S Raymond Ave, Pasadena, CA for Sale
$4,000,000 USD
Manufacturing - FOR SALE
1/1
null | Request Cap Rate

673 S Raymond Ave
Pasadena, CA 91105


HIGHLIGHTS

  • Rare Industrial Building Along Raymond Avenue
  • Large Fenced Yard Area
  • 100% HVAC
  • Heavy Power

OVERVIEW

673 S Raymond Ave consists of three attached buildings totaling 11,351 SF. It is located on a 20,473 SF (0.47 AC) lot at 673 & 681 South Raymond Ave in Pasadena, CA. Building A (1,338 SF) and built in 1926. Building B (7,605 SF) were built in 1962. Building A is a single story and B contains a partially finished mezzanine. Building C (2,408 SF) is a single story and was built in 1926. The property is a single tenant building that is 100% tenant occupied by ARC Document Solutions, LLC (ARC), the successor to American Repographics Company, LLC. Their lease expires in May 2024 with no extension options remaining. The improvements include 40% office build out, 14 ft clear height warehouse with 2 grade level loading doors. There is a fenced and gated rear yard for deliveries and 22 parking spaces in addition to the 4 parking spaces in the front, for a total of 26 parking spaces. The improvements are fully air conditioned with heavy power. The building has been well maintained and remains in good condition. 673 S Raymond Ave immediate area has historically been populated with industrial uses; however, it has been increasingly dominated by medicaloffice buildings and medical R&D uses as the Huntington Memorial Hospital continues to expand. In addition to the Huntington Hospital, HMRI and Shriner’s Hospital have recently built new medical facilities. USC is currently under construction with a +/- 100,000 SF medical office building. Further south on Raymond Avenue is The Art Center College of Design’s South campus.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$352 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

undefined, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1962

UTILITIES

-

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

2

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.47

LAND SF

20,473

ZONING

SFO-MU-C

APN/PARCEL ID

5720-002-012

ASK ABOUT THIS PROPERTY

Shadd WalkerColliersMore Info
213-532-3242

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Shadd WalkerColliersMore Info
213-532-3242

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