911 E Colorado Blvd - Office FOR SALE


Pasadena, CA 91106
$14,800,000 USD
626-204-1529
911 E Colorado Blvd, Pasadena, CA for Sale
$14,800,000 USD
Office - FOR SALE
1/12
null | Request Cap Rate

911 E Colorado Blvd
Pasadena, CA 91106


HIGHLIGHTS

  • Located in the heart of the Playhouse Village Historic Arts District just 1 parcel east of busiest intersection in Pasadena
  • Multi-deck parking to rear of property
  • Designed by Architect Wendall W. Warren in Gothic-Revival style.
  • Not on National Register of Historic Places but is Age Eligible for Historic Evaluation w/City of Pasadena
  • Traffic volume of over 52,931cars per day in each direction. Easy access is 2 blocks from Rt-210/134 FWY
  • Convenient access to the ARTS bus, 2 blocks to Gold Line’s Lake Avenue Station.

OVERVIEW

NAI Capital Commercial, as exclusive advisor, is pleased to present the opportunity for an owner-user / investor to acquire the fee simple interest in 911 E. Colorado Blvd., Pasadena, CA 91106, a freestanding ±24,956 rentable square foot, 3 story, commercial building located at one parcel east of the NEC of Colorado Blvd. and Lake Avenue, the highest traffic count intersection in Pasadena. This Playhouse District landmark building has available to an owner-user ±12,892 RSF on the 2nd and 3rd floors plus ±6,680 RSF of Lower Level offices and storage areas. Included in the ±12,892 RSF on the 2nd and 3rd floors is a ±3,385 SF 2nd floor office tenant with a lease to 3/31/2027 that can be cancelled with a 90 day notice for an owner-user or can continue as a tenant. The 5,284 RSF Ground Floor is leased to LifeSource Water Systems through 06/30/2030 with a 5 year option at FMV, allowing an owner-user to purchase the property and mitigate their occupancy costs through collection of rent as well as appreciation and tax benefits.

FOR SALE DETAILS

PRICE

$14,800,000 USD

PRICE/SF

$593 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Lieberg Bldg

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,767 SF

ZONING

PD-10 AD -2

APN/PARCEL ID

5738-008-065

ASK ABOUT THIS PROPERTY

Cheryl PestorNAI CapitalMore Info
626-204-1529

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

Cheryl PestorNAI CapitalMore Info
626-204-1529

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