95 N Marengo Ave - Storefront Retail/Office FOR SALE


Pasadena, CA 91101
$20,000,000 USD
626-204-1529
95 N Marengo Ave, Pasadena, CA for Sale
$20,000,000 USD
Storefront Retail/Office - FOR SALE
1/13
null | Request Cap Rate

95 N Marengo Ave
Pasadena, CA 91101


OVERVIEW

- Two Story Brick Mixed Use Building currently occupied by restaurant, theatre and office tenants w/990 SF outdoor patio - Architectural Pedigree- Sylvanus Marston & Garrett Van Pelt. Primary Architectural Style is Craftsman (Arts & Crafts) - Located in Civic Center Historic District between Old Pasadena and Playhouse Districts and 1 block to Pasadena City Hall - Only privately owned out of 12 buildings listed as National Register of Historic Places in the Civic Center District - Rare generational opportunity to purchase a trophy asset in high barrier to entry market - Next door to Memorial Park Metro A Line Station - Affluent AHHI of $133,760 in a 1 Mi. radius and $170,210 in a 3 Mi. radius - Innovative center of major research, science technology and incubators - City of Pasadena Parking agreement for 65 monthly spaces in structure across street - GROUND FLOOR 12,277 RSF occupied by Restaurant, Theatre and Office Tenant. SECOND FLOOR 6,502 RSF and LOWER LEVEL 4,529 RSF occupied by Office Tenant.

FOR SALE DETAILS

PRICE

$20,000,000 USD

PRICE/SF

$799 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Courtyard Bldg

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

17,111 SF

ZONING

CD-MU-G

APN/PARCEL ID

5723-019-015

ASK ABOUT THIS PROPERTY

Cheryl PestorNAI CapitalMore Info
626-204-1529

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Cheryl PestorNAI CapitalMore Info
626-204-1529

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